28 April 2017
Service Manager :  Sineerat (0-2257-0357 # 301)
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Bond Market Overview
 
Background
The Thai bond market has grown rapidly in recent years after the 1997's economic crisis. To help support cash-strapped financial institutions, in June1998 the government issued government bonds for the first time in the decade. The total amount of government bonds issued under this program was THB 500 billion and this has opened a new era for the Thai bond market. The government continued to issue bonds since then with the primary objective to finance budget deficit resulted from the crisis. The substantial amount of new government bonds coupled with successively downtrend of interest rates have contributed to the robust of the bond market as evidenced by a significant increase in both market size and trading volume. The outstanding value of total bond market increased from THB 547 billion in 1996 to 498 issues worth THB 1,507 billion at the end of 2001. Trading volume in the secondary market rose from a daily average of only THB 822 million in 1996 to THB 6,472 million in 2001.
Remark: 1. Data excludes FX Bond.
2. The yield on Inflation-linked bond is a real yield to maturity.

Market Wrap up
Total trading value decreased by 16%.SA gained the major portion or by 48% of total outright trading value , following by T-Bill and Govt bonds,respectively.Govt bonds yields decreased by -3 to 0 bp.Govt clean price index ended higher by 1 bp and corp index (BBB up) closed higher by 2 bp.The most active issue was TB17531A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 11,050,739.90   0.38  
 Number of issues 2,947  
 Total Trading Value 1,110,866.78   -15.51  
   Outright/Cash Trading 110,361.16   -17.15  
   Financing 1,000,505.61   -15.32  
   Others 0.00   n.a.  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 295,160,416.88  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 105.40 0.01 106.60 0.02 263.99 0.05 3.03   7.82   136.20  
    Group 1 ( 1 < TTM <=3 ) 78.02 0.01 79.02 0.02 196.99 0.04 1.58   1.98   5.08  
    Group 2 ( 3 < TTM <= 7 ) 110.91 0.1 111.95 0.11 271.30 0.26 2.12   4.39   23.33  
    Group 3 ( 7 < TTM <= 10 ) 137.00 0.15 138.75 0.16 342.39 0.4 2.63   7.38   64.34  
    Group 4 ( 10 < TTM ) 161.45 -0.11 163.53 -0.09 403.96 -0.23 3.36   14.33   316.30  
    Group 5 (<= 10) 93.03 0.05 94.01 0.06 230.33 0.16 2.20   3.69   22.12  
Corporate Bond Index (BBB up) 104.82 0.02 105.77 0.01 222.09 0.07 2.85   2.52   12.85  
Corporate Bond Index (BBB+ up) 105.35 0.02 106.30 0.01 223.79 0.07 2.85   2.53   12.93  
 
Top 5 Most Active Bond                                                                                                                  
 BondType/
Issue Rating
Coupon Rate
(%)
Maturity
Date
TTM
(Years)
Last
Exec.Yield(%)
Weight
Avg.Price(%)
Trading Value
(THB mln.)
1.  TB17531A TB 0.00000   31-May-17 0.08   1.326646   99.899495   18,485.40  
2.  TB17802A TB 0.00000   02-Aug-17 0.25   1.400171   99.653452   13,241.95  
3.  CB17511B SA 0.00000   11-May-17 0.04   1.331103   99.969975   11,542.53  
4.  LB226A GB 1.87500   17-Jun-22 5.14   2.166651   98.594497   5,047.21  
5.  LB21DA GB 3.65000   17-Dec-21 4.64   2.000991   107.250646   4,453.44  
 
 
 
 Market News
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Found 36766 headlines
No. Date/Time Headlines
1.       28-Apr-17 12:00     S-T debentures  of  TRUE to be registered on April 28, 2017
2.       28-Apr-17 12:00     S-T debentures  of  TRUE to be registered on April 28, 2017
3.       28-Apr-17 11:52     DTN244A, DTN274A are registered with ThaiBMA on April 28, 2017
4.       28-Apr-17 11:52     DTN244A, DTN274A are registered with ThaiBMA on April 28, 2017
5.       28-Apr-17 11:46     Treasury Bill Auction Results
6.       28-Apr-17 11:46     Treasury Bill Auction Results
7.       28-Apr-17 11:39     WHA204C is registered with ThaiBMA on April 28, 2017
8.       28-Apr-17 11:38     LH194B, LH204B are registered with ThaiBMA on April 28, 2017
9.       28-Apr-17 11:38     LH194B, LH204B are registered with ThaiBMA on April 28, 2017
10.       28-Apr-17 11:20     BE  of  TUS to be registered on April 28, 2017
11.       28-Apr-17 11:20     BE  of  WAVE to be registered on April 28, 2017
12.       28-Apr-17 11:19     BE  of  PF to be registered on April 28, 2017
13.       28-Apr-17 11:19     BE  of  THANI to be registered on April 28, 2017
14.       28-Apr-17 11:19     BE  of  THANI to be registered on April 28, 2017
15.       28-Apr-17 11:18     BE  of  MPSC to be registered on April 28, 2017
 
 
Disclamer