18 November 2019
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 1%.SA gained the major portion or by 53% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -1 to 2 bp.Govt clean price index ended unchanged by 0 bp while corp index (BBB up) closed unchanged by 0 bp.The most active issue was LB23DA.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 13,273,655.27   0.29  
 Number of issues 2,659  
 Total Trading Value 960,472.06   0.83  
   Outright/Cash Trading 49,834.03   -48.48  
   Financing 910,308.90   6.41  
   Others 329.13   -15.32  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 475,867,782.24  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 116.76 0.00 118.11 0.01 319.03 0.03 1.90   10.36   214.94  
    Group 1 ( 1 < TTM <=3 ) 74.77 0.01 75.55 0.01 207.93 0.04 1.31   2.05   5.50  
    Group 2 ( 3 < TTM <= 7 ) 111.61 -0.02 112.90 -0.01 295.84 -0.03 1.44   4.05   20.38  
    Group 3 ( 7 < TTM <= 10 ) 146.13 0.06 147.85 0.08 396.23 0.21 1.65   7.35   63.40  
    Group 4 ( 10 < TTM ) 200.49 -0.01 202.82 0.01 547.92 0.02 2.00   16.56   410.41  
    Group 5 (<= 10) 93.35 0.01 94.42 0.02 251.93 0.04 1.54   4.50   30.01  
SOE (G) Bond Index 104.71 0.3 105.56 0.31 175.94 0.52 1.69   3.81   24.75  
SOE (NG) Bond Index 112.49 -0.07 113.28 -0.06 194.60 -0.1 2.23   6.11   63.61  
Corporate Bond Index (BBB up) 104.86 0.00 105.54 0.01 243.82 0.01 2.50   2.80   15.57  
Corporate Bond Index (BBB+ up) 105.39 0.00 106.07 0.01 245.68 0.01 2.49   2.81   15.65  
 
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.  LB23DA GB 2.40000   17-Dec-23 4.08   1.415191   103.881830   6,513.39  
2.  BOT218A SA 1.43000   26-Aug-21 1.77   1.349589   100.133707   4,159.39  
3.  BOT219A SA 2.09000   24-Sep-21 1.85   1.351624   101.341336   2,263.12  
4.  LB26DA GB 2.12500   17-Dec-26 7.08   1.580622   103.626489   1,981.77  
5.  LB24DB GB 1.45000   17-Dec-24 5.08   1.446533   100.016885   1,955.68  
 
 
 
 Market News
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Found 48391 headlines
No. Date/Time Headlines
1.       18-Nov-19 15:02     Bill of Exchange of KT ZMICO to be registered on November 18, 2019
2.       18-Nov-19 10:47     Debenture of YUANTA to be registered on November 18, 2019
3.       18-Nov-19 10:20     State Own Enterprise Bond Auction Results: PEA24NB
4.       18-Nov-19 09:39     Bill of Exchange of EASY BUY to be registered on November 18, 2019
5.       18-Nov-19 08:47     TLT215A, TLT222A and TLT22NA has been registered with ThaiBMA on November 18, 2019
6.       15-Nov-19 11:48     Bill of Exchange of JMT to be registered on November 15, 2019
7.       15-Nov-19 10:39     AEON22NA and AEON24NA has been registered with ThaiBMA on November 15, 2019
8.       15-Nov-19 09:51     TOLC22NB has been registered with ThaiBMA on November 15, 2019
9.       15-Nov-19 09:51     Central Bank Bill Auction Results: CB19D03A
10.       15-Nov-19 09:30     YUANTA informs to partially redeem YUANTA19N29A on November 06, 2019.
11.       15-Nov-19 09:25     Bill of Exchange of LALIN to be registered on November 15, 2019
12.       15-Nov-19 09:20     Explanation of the resolution of the debenture holders' meeting no.2/2019 (TLUXE205A)
13.       14-Nov-19 17:07     State Own Enterprise Bond Auction Results: BMTA29DA
14.       14-Nov-19 15:00     HMPRO22NA has been registered with ThaiBMA on November 14, 2019
15.       14-Nov-19 14:29     DA235A has been registered with ThaiBMA on November 14, 2019
 
 
Disclamer