23 February 2024
Service Manager :  Sineerat (0-2257-0357 # 301)
  Home > ASEAN Bond Market  
 
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 3%.SA gained the major portion or by 38% of total outright trading value , following by Govt and T-Bill bonds,respectively.Govt bonds yields fluctuated within a range of -1 to 3 bp.Govt clean price index ended higher by 3 bp and corp index (BBB up) closed higher by 1 bp.The most active issue was TB24828A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 16,693,731.88   0.38  
 Number of issues 3,082  
 Total Trading Value 1,321,470.09   -2.79  
   Outright/Cash Trading 76,095.30   4.85  
   Financing 1,245,374.79   -2.4  
   Others 0.00   -100  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 514,816,786.79  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 103.87 0.03 104.44 0.04 320.24 0.13 2.90   8.10   136.85  
    Group 1 ( 1 < TTM <=3 ) 71.02 0.00 71.33 0.00 217.94 0.00 2.14   2.01   5.41  
    Group 2 ( 3 < TTM <= 7 ) 105.65 0.02 106.32 0.03 312.99 0.09 2.21   4.12   20.41  
    Group 3 ( 7 < TTM <= 10 ) 136.06 -0.03 136.78 -0.02 417.94 -0.05 2.45   7.22   60.07  
    Group 4 ( 10 < TTM ) 167.44 0.12 168.43 0.14 523.60 0.43 3.13   14.44   304.46  
    Group 5 (<= 10) 88.21 0.00 88.67 0.01 266.22 0.03 2.31   3.81   23.26  
SOE (G) Bond Index 100.37 0.01 100.92 -0.01 186.02 0.04 2.53   4.10   30.69  
SOE (NG) Bond Index 105.62 0.02 106.50 0.02 207.13 0.05 3.27   6.04   59.73  
Corporate Bond Index (BBB up) 106.02 0.01 106.69 0.02 215.12 0.04 3.47   2.92   16.48  
Corporate Bond Index (BBB+ up) 106.32 0.01 106.99 0.02 214.97 0.04 3.46   2.94   16.70  
 
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.  TB24828A TB 0.00000   28-Aug-24 0.50   2.203148   98.913574   17,208.98  
2.  CB24523A SA 0.00000   23-May-24 0.25   2.204791   99.487789   9,677.18  
3.  CB24516A SA 0.00000   16-May-24 0.23   2.185382   99.508374   5,374.45  
4.  CB24328A SA 0.00000   28-Mar-24 0.09   2.163883   99.823897   4,348.33  
5.  LB24DB GB 1.45000   17-Dec-24 0.82   2.211324   99.395575   2,839.04  
 
 
 
 Market News
 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |   >
Found 57576 headlines
No. Date/Time Headlines
1.       23-Feb-24 10:32     TRIS RATING AFFIRMS COMPANY RATING ON “KBJ” AT “A-” WITH “STABLE” OUTLOOK
2.       23-Feb-24 10:10     Treasury Bill Auction Results: TB24828A
3.       22-Feb-24 14:22     State Own Enterprise Bond Auction Results: EGAT363A
4.       22-Feb-24 08:45     TRIS RATING AFFIRMS COMPANY RATING ON “PREB” AT “BBB” WITH “STABLE” OUTLOOK
5.       22-Feb-24 08:34     Fitch Affirms AEON Thana Sinsap at 'A-(tha)'; Outlook Stable
6.       21-Feb-24 15:44     TRIS RATING SEES THE AMALGAMATION BETWEEN “CPAXT” AND “LOTUSS” TO HAVE NO IMPACT ON THE RATINGS ON “CPALL”, “CPAXT”, AND “LOTUSS”
7.       21-Feb-24 15:44     TRIS RATING SEES THE AMALGAMATION BETWEEN “CPAXT” AND “LOTUSS” TO HAVE NO IMPACT ON THE RATINGS ON “CPALL”, “CPAXT”, AND “LOTUSS”
8.       21-Feb-24 15:44     TRIS RATING SEES THE AMALGAMATION BETWEEN “CPAXT” AND “LOTUSS” TO HAVE NO IMPACT ON THE RATINGS ON “CPALL”, “CPAXT”, AND “LOTUSS”
9.       21-Feb-24 11:58     Loan Bond Auction Results: ESGLB376A, LB293A (update)
10.       20-Feb-24 10:21     Central Bank Bill Auction Results: CB24523A
11.       20-Feb-24 10:19     YUANTA informs the partial redemption of YUANTA24229A on February 20, 2024.
12.       20-Feb-24 08:34     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “SPCG” AT “A-” WITH “STABLE” OUTLOOK
13.       20-Feb-24 08:31     Fitch Upgrades CGS International Securities (Thailand) to 'A+(tha)'; Outlook Stable
14.       19-Feb-24 10:56     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPN” AT “AA”, AND ASSIGNS “AA” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION, WITH “STABLE” OUTLOOK
15.       19-Feb-24 10:56     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPN” AT “AA”, AND ASSIGNS “AA” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION, WITH “STABLE” OUTLOOK
 
 
Disclamer