17 February 2025
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 7%.SA gained the major portion or by 56% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -1 to 3 bp.Govt clean price index ended lower by -1 bp while corp index (BBB up) closed higher by 1 bp.The most active issue was CB25227A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,197,663.04   0.18  
 Number of issues 2,831  
 Total Trading Value 1,217,758.62   -7.18  
   Outright/Cash Trading 55,184.20   2.31  
   Financing 1,161,943.26   -7.58  
   Others 631.17   -18.6  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 618,408,924.77  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 107.04 -0.01 107.60 -0.01 339.16 -0.02 2.60   8.76   157.59  
    Group 1 ( 1 < TTM <=3 ) 71.09 0.00 71.45 0.01 223.19 0.03 2.05   2.03   5.41  
    Group 2 ( 3 < TTM <= 7 ) 105.83 0.02 106.45 0.02 322.40 0.07 2.12   4.38   23.51  
    Group 3 ( 7 < TTM <= 10 ) 137.72 0.02 138.41 0.03 435.19 0.09 2.27   7.27   61.26  
    Group 4 ( 10 < TTM ) 178.18 -0.07 179.08 -0.06 574.59 -0.19 2.73   14.79   323.13  
    Group 5 (<= 10) 88.65 0.01 89.12 0.02 274.27 0.05 2.16   3.84   22.54  
SOE (G) Bond Index 101.67 0.01 102.27 0.01 192.51 0.03 2.34   4.39   33.00  
SOE (NG) Bond Index 107.94 0.03 108.80 0.03 217.77 0.07 2.95   5.80   55.23  
Corporate Bond Index (BBB up) 106.61 0.01 107.30 0.02 223.69 0.04 3.28   2.88   15.80  
Corporate Bond Index (BBB+ up) 106.92 0.01 107.61 0.02 223.52 0.04 3.27   2.90   15.97  
 
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.  CB25227A SA 0.00000   27-Feb-25 0.03   2.034168   99.953059   6,446.97  
2.  CB25306B SA 0.00000   06-Mar-25 0.05   2.083997   99.910114   5,886.70  
3.  CB25320A SA 0.00000   20-Mar-25 0.08   2.090507   99.828437   4,870.63  
4.  LB336A GB 3.35000   17-Jun-33 8.33   2.296371   107.944100   3,610.78  
5.  LB346A GB 2.80000   17-Jun-34 9.33   2.300625   104.171370   2,839.15  
 
 
 
 Market News
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Found 61402 headlines
No. Date/Time Headlines
1.       18-Feb-25 09:50     Fitch Affirms AEON Thana Sinsap at 'A-(tha)'; Outlook Stable
2.       17-Feb-25 10:33     State Own Enterprise Bond Auction Results: SME27NA, SME292A
3.       17-Feb-25 10:08     Loan Bond Auction Results: SLB406A
4.       17-Feb-25 08:58     TRIS Rating Cancels Company & Guaranteed Debt Ratings on “SAWAD”
5.       17-Feb-25 08:58     TRIS Rating Cancels Company & Guaranteed Debt Ratings on “SAWAD”
6.       17-Feb-25 08:58     TRIS Rating Cancels Company & Guaranteed Debt Ratings on “SAWAD”
7.       17-Feb-25 08:58     TRIS Rating Cancels Company & Guaranteed Debt Ratings on “SAWAD”
8.       17-Feb-25 08:58     TRIS Rating Cancels Company & Guaranteed Debt Ratings on “SAWAD”
9.       17-Feb-25 08:58     TRIS Rating Cancels Company & Guaranteed Debt Ratings on “SAWAD”
10.       17-Feb-25 08:58     TRIS Rating Cancels Company & Guaranteed Debt Ratings on “SAWAD”
11.       17-Feb-25 08:58     TRIS Rating Cancels Company & Guaranteed Debt Ratings on “SAWAD”
12.       17-Feb-25 08:58     TRIS Rating Cancels Company & Guaranteed Debt Ratings on “SAWAD”
13.       17-Feb-25 08:58     TRIS Rating Cancels Company & Guaranteed Debt Ratings on “SAWAD”
14.       17-Feb-25 08:58     TRIS Rating Cancels Company & Guaranteed Debt Ratings on “SAWAD”
15.       17-Feb-25 08:58     TRIS Rating Cancels Company & Guaranteed Debt Ratings on “SAWAD”
 
 
Disclamer