16 January 2018
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 increased by 10%.SA gained the major portion or by 79% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields decreased by -2 to 0 bp.Govt clean price index ended higher by 1 bp and corp index (BBB up) closed higher by 4 bp.The most active issue was CB18719A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 11,538,320.47   0.01  
 Number of issues 2,841  
 Total Trading Value 1,193,016.49   10.32  
   Outright/Cash Trading 138,467.69   131.07  
   Financing 1,054,538.77   3.23  
   Others 10.03   n.a.  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 358,209,109.77  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 107.95 0.01 108.40 0.02 277.35 0.05 2.74   8.88   166.83  
    Group 1 ( 1 < TTM <=3 ) 77.08 0.01 77.52 0.02 199.99 0.04 1.38   1.71   4.06  
    Group 2 ( 3 < TTM <= 7 ) 111.54 0.04 112.08 0.05 279.51 0.14 1.75   4.24   21.55  
    Group 3 ( 7 < TTM <= 10 ) 140.72 0.15 141.07 0.16 360.15 0.4 2.24   7.45   64.31  
    Group 4 ( 10 < TTM ) 169.99 -0.07 170.54 -0.05 436.38 -0.13 3.03   15.14   350.85  
    Group 5 (<= 10) 93.32 0.04 93.78 0.05 236.96 0.12 1.91   4.06   25.11  
SOE (G) Bond Index 103.95 0.09 104.86 0.1 165.59 0.15 2.16   3.63   24.78  
SOE (NG) Bond Index 109.97 0.07 111.03 0.08 178.84 0.13 2.60   5.32   51.65  
Corporate Bond Index (BBB up) 105.09 0.04 105.97 0.05 228.86 0.1 2.36   2.52   12.46  
Corporate Bond Index (BBB+ up) 105.62 0.04 106.51 0.05 230.62 0.1 2.36   2.53   12.49  
 
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.  CB18719A SA 0.00000   19-Jul-18 0.50   1.305762   99.353120   21,753.37  
2.  CB18419B SA 0.00000   19-Apr-18 0.25   1.131245   99.719327   21,594.22  
3.  BOT203A SA 1.77000   27-Mar-20 2.19   1.501798   100.581229   14,463.50  
4.  BOT198A SA 1.49000   28-Aug-19 1.61   1.479024   100.010824   12,180.99  
5.  LB21DA GB 3.65000   17-Dec-21 3.92   1.631097   107.623151   4,454.75  
 
 
 
 Market News
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Found 40161 headlines
No. Date/Time Headlines
1.       16-Jan-18 13:19     DB of  ASK to be registered on January 16, 2018
2.       16-Jan-18 13:19     DB of  KK to be registered on January 16, 2018
3.       16-Jan-18 13:17     BE  of  MBK to be registered on January 16, 2018
4.       16-Jan-18 13:17     BE  of  MPSC to be registered on January 16, 2018
5.       16-Jan-18 13:17     BE  of  MPSC to be registered on January 16, 2018
6.       16-Jan-18 13:17     BE  of  MPSC to be registered on January 16, 2018
7.       16-Jan-18 13:16     BE  of  ASP to be registered on January 16, 2018
8.       16-Jan-18 13:16     BE  of  ASP to be registered on January 16, 2018
9.       16-Jan-18 13:16     BE  of  KTC to be registered on January 16, 2018
10.       16-Jan-18 10:39     BoT Bond Auction Results
11.       16-Jan-18 10:39     BoT Bond Auction Results
12.       15-Jan-18 14:57     TRIS Rating Affirms Company Rating and Outlook of “QTC” at “BBB-/Stable”
13.       15-Jan-18 13:25     BE  of  TPIPL to be registered on January 15, 2018
14.       15-Jan-18 13:25     DB of  ASK to be registered on January 15, 2018
15.       15-Jan-18 13:25     DB of  KK to be registered on January 15, 2018
 
 
Disclamer