20 November 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 decreased by 2%.SA gained the major portion or by 86% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -1 to 1 bp.Govt clean price index ended higher by 10 bp and corp index (BBB up) closed higher by 2 bp.The most active issue was CB19221B.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 12,500,109.38   0.01  
 Number of issues 2,750  
 Total Trading Value 788,226.89   -1.79  
   Outright/Cash Trading 109,309.48   207.66  
   Financing 678,917.41   -11.49  
   Others 0.00   n.a.  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 357,993,055.90  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 103.72 0.1 105.14 0.11 274.55 0.28 3.12   8.51   153.56  
    Group 1 ( 1 < TTM <=3 ) 75.06 0.01 75.87 0.02 201.41 0.05 1.89   1.75   4.20  
    Group 2 ( 3 < TTM <= 7 ) 108.58 0.04 109.82 0.05 279.31 0.13 2.21   3.68   16.50  
    Group 3 ( 7 < TTM <= 10 ) 136.30 0.08 138.05 0.09 358.66 0.23 2.62   6.84   55.02  
    Group 4 ( 10 < TTM ) 160.74 0.27 163.21 0.28 425.65 0.73 3.37   14.21   312.20  
    Group 5 (<= 10) 90.77 0.03 91.89 0.04 237.24 0.1 2.37   3.81   22.90  
SOE (G) Bond Index 101.61 0.02 102.47 0.03 166.05 0.05 2.66   3.66   23.88  
SOE (NG) Bond Index 106.67 0.03 107.56 0.04 178.68 0.06 3.16   5.67   57.34  
Corporate Bond Index (BBB up) 103.24 0.02 103.96 0.04 232.04 0.06 2.79   2.08   8.65  
Corporate Bond Index (BBB+ up) 103.77 0.02 104.49 0.04 233.82 0.06 2.79   2.08   8.65  
 
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.  CB19221B SA 0.00000   21-Feb-19 0.25   1.410147   99.649661   27,824.18  
2.  CB19523A SA 0.00000   23-May-19 0.50   1.565142   99.225617   20,776.85  
3.  CB18D04A SA 0.00000   04-Dec-18 0.04   1.212583   99.953511   15,092.98  
4.  CB18D13A SA 0.00000   13-Dec-18 0.06   1.308766   99.924571   3,987.99  
5.  BOT198A SA 1.49000   28-Aug-19 0.77   1.689083   99.841738   3,397.80  
 
 
 
 Market News
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Found 44146 headlines
No. Date/Time Headlines
1.       20-Nov-18 13:42     BE  of TISCOG to be registered on November 20, 2018
2.       20-Nov-18 10:43     BE  of KTC to be registered on November 20, 2018
3.       20-Nov-18 10:15     Central Bill Auction Results: CB19221B, CB19523A
4.       20-Nov-18 10:15     Central Bill Auction Results: CB19221B, CB19523A
5.       20-Nov-18 08:47     BE  of SIRI to be registered on November 20, 2018
6.       20-Nov-18 08:47     DB of ICBCTL to be registered on November 20, 2018
7.       20-Nov-18 08:46     BE  of ROJNA to be registered on November 20, 2018
8.       20-Nov-18 08:46     BE  of ROJNA to be registered on November 20, 2018
9.       20-Nov-18 08:45     BE  of BTSG to be registered on November 20, 2018
10.       20-Nov-18 08:45     BE  of BTSG to be registered on November 20, 2018
11.       19-Nov-18 12:51     BE  of TISCOG to be registered on November 19, 2018
12.       19-Nov-18 10:59     Treasury Bill Auction Results: TB19N20A
13.       19-Nov-18 10:47     DB of YUANTA to be registered on November 19, 2018
14.       16-Nov-18 17:27     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATING ON “THAIBEV” AT “AA”
15.       16-Nov-18 17:27     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATING ON “THAIBEV” AT “AA”
 
 
Disclamer