13 June 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 5%.SA gained the major portion or by 51% of total outright trading value , following by Govt and CP bonds,respectively.Govt bonds yields fluctuated within a range of -2 to 10 bp.Govt clean price index ended higher by 6 bp and corp index (BBB up) closed higher by 2 bp.The most active issue was CBF25N17B.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,627,121.23   0.23  
 Number of issues 2,887  
 Total Trading Value 1,214,517.84   -4.91  
   Outright/Cash Trading 92,723.15   -25.97  
   Financing 1,121,293.32   -2.54  
   Others 501.37   -65.45  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 709,573,701.54  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 111.23 0.06 112.47 0.06 355.41 0.2 2.16   9.14   168.22  
    Group 1 ( 1 < TTM <=3 ) 71.75 0.01 72.28 0.02 226.87 0.05 1.48   1.88   4.84  
    Group 2 ( 3 < TTM <= 7 ) 108.31 0.04 109.45 0.05 332.78 0.15 1.53   4.22   21.92  
    Group 3 ( 7 < TTM <= 10 ) 143.75 0.05 145.64 0.07 458.33 0.21 1.65   7.20   60.61  
    Group 4 ( 10 < TTM ) 189.01 0.14 191.39 0.15 614.87 0.49 2.34   14.90   328.47  
    Group 5 (<= 10) 90.52 0.03 91.40 0.03 282.30 0.1 1.56   3.94   23.35  
SOE (G) Bond Index 104.17 0.05 104.70 0.04 198.60 0.11 1.79   4.59   35.78  
SOE (NG) Bond Index 111.93 0.07 112.68 0.08 227.80 0.17 2.33   5.90   56.23  
Corporate Bond Index (BBB up) 108.17 0.02 108.85 0.03 229.47 0.06 2.75   2.89   15.88  
Corporate Bond Index (BBB+ up) 108.50 0.02 109.18 0.03 229.31 0.06 2.74   2.91   16.03  
 
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.  CBF25N17B SA 1.80291   17-Nov-25 0.43   1.664490   100.060060   8,204.68  
2.  CBF26615A SA 1.81075   15-Jun-26 1.00   1.728453   100.079965   6,145.14  
3.  LB456A GB 2.98000   17-Jun-45 20.02   2.342111   110.136589   5,651.71  
4.  LB303A GB 1.66000   17-Mar-30 4.76   1.499842   100.731891   3,430.02  
5.  LB29NA GB 2.50000   17-Nov-29 4.43   1.508967   104.210585   3,428.19  
 
 
 
 Market News
 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |   >
Found 63158 headlines
No. Date/Time Headlines
1.       12-Jun-25 10:20     Central Bank Bill Auction Results: CBF25D15B, CBF26615A
2.       12-Jun-25 09:23     Fitch Affirms Standard Chartered Bank (Thai) at 'A-'; Outlook Stable
3.       12-Jun-25 09:16     Fitch Affirms Thailand's SCGJWD Logistics at 'BBB+(tha)'; Outlook Stable
4.       11-Jun-25 11:58     Loan Bond Auction Results: LB303A, LBA506A (update)
5.       11-Jun-25 10:21     TRIS Rating Assigns “A” Rating to Senior Unsecured Debt Worth Up to THB2.5 Billion of “TCAP”, with “Negative” CreditAlert
6.       11-Jun-25 10:21     TRIS Rating Assigns “A” Rating to Senior Unsecured Debt Worth Up to THB2.5 Billion of “TCAP”, with “Negative” CreditAlert
7.       11-Jun-25 10:21     TRIS Rating Assigns “A” Rating to Senior Unsecured Debt Worth Up to THB2.5 Billion of “TCAP”, with “Negative” CreditAlert
8.       11-Jun-25 10:21     TRIS Rating Assigns “A” Rating to Senior Unsecured Debt Worth Up to THB2.5 Billion of “TCAP”, with “Negative” CreditAlert
9.       11-Jun-25 10:21     TRIS Rating Assigns “A” Rating to Senior Unsecured Debt Worth Up to THB2.5 Billion of “TCAP”, with “Negative” CreditAlert
10.       11-Jun-25 10:21     TRIS Rating Assigns “A” Rating to Senior Unsecured Debt Worth Up to THB2.5 Billion of “TCAP”, with “Negative” CreditAlert
11.       11-Jun-25 10:21     TRIS Rating Assigns “A” Rating to Senior Unsecured Debt Worth Up to THB2.5 Billion of “TCAP”, with “Negative” CreditAlert
12.       11-Jun-25 10:21     TRIS Rating Assigns “A” Rating to Senior Unsecured Debt Worth Up to THB2.5 Billion of “TCAP”, with “Negative” CreditAlert
13.       11-Jun-25 10:21     TRIS Rating Assigns “A” Rating to Senior Unsecured Debt Worth Up to THB2.5 Billion of “TCAP”, with “Negative” CreditAlert
14.       11-Jun-25 10:21     TRIS Rating Assigns “A” Rating to Senior Unsecured Debt Worth Up to THB2.5 Billion of “TCAP”, with “Negative” CreditAlert
15.       11-Jun-25 10:21     TRIS Rating Assigns “A” Rating to Senior Unsecured Debt Worth Up to THB2.5 Billion of “TCAP”, with “Negative” CreditAlert
 
 
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