3 May 2024
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 16%.Govt gained the major portion or by 33% of total outright trading value , following by T-Bill and SA bonds,respectively.Govt bonds yields fluctuated within a range of -4 to 1 bp.Govt clean price index ended higher by 17 bp and corp index (BBB up) closed higher by 4 bp.The most active issue was TB24N06A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 16,975,212.22   0.21  
 Number of issues 3,045  
 Total Trading Value 1,402,945.35   -15.57  
   Outright/Cash Trading 62,160.51   -38.5  
   Financing 1,340,671.65   -14.09  
   Others 113.18   66.27  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 534,190,558.01  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 102.33 0.17 103.33 0.18 317.16 0.56 3.09   7.90   132.85  
    Group 1 ( 1 < TTM <=3 ) 70.69 0.03 71.24 0.03 217.94 0.09 2.35   2.02   5.52  
    Group 2 ( 3 < TTM <= 7 ) 104.34 0.08 105.23 0.09 310.68 0.27 2.50   4.08   19.90  
    Group 3 ( 7 < TTM <= 10 ) 133.51 0.32 134.99 0.33 412.47 1 2.70   7.01   57.04  
    Group 4 ( 10 < TTM ) 163.69 0.46 165.68 0.48 515.10 1.48 3.28   14.11   294.74  
    Group 5 (<= 10) 87.36 0.08 88.08 0.09 264.90 0.26 2.56   3.63   21.59  
SOE (G) Bond Index 99.53 0.06 100.10 0.07 185.24 0.12 2.76   4.26   31.76  
SOE (NG) Bond Index 104.42 0.11 105.16 0.12 205.94 0.23 3.47   5.94   57.86  
Corporate Bond Index (BBB up) 105.42 0.04 106.02 0.05 215.29 0.1 3.67   2.96   16.64  
Corporate Bond Index (BBB+ up) 105.71 0.04 106.32 0.05 215.13 0.1 3.66   2.99   16.86  
 
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.  TB24N06A TB 0.00000   06-Nov-24 0.50   2.212610   98.908945   16,280.41  
2.  CPAXT24604A CP 0.00000   04-Jun-24 0.09   2.550000   99.776937   4,948.94  
3.  LB24DB GB 1.45000   17-Dec-24 0.62   2.251312   99.514707   3,889.21  
4.  LB293A GB 2.40000   17-Mar-29 4.87   2.517578   99.453811   2,780.33  
5.  LB273A GB 2.25000   17-Mar-27 2.87   2.376830   99.640549   2,091.19  
 
 
 
 Market News
 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |   >
Found 58498 headlines
No. Date/Time Headlines
1.       03-May-24 10:54     Treasury Bill Auction Results: TB24N06A
2.       03-May-24 08:33     Company name of SAHACOGEN (CHONBURI) PUBLIC COMPANY LIMITED has been changed.
3.       03-May-24 08:33     SCG has announced the Issue Name (TH and EN) change on SCG259A, SCG299A and SCG329A.
4.       03-May-24 08:33     SCG has announced the Issue Name (TH and EN) change on SCG259A, SCG299A and SCG329A.
5.       03-May-24 08:33     SCG has announced the Issue Name (TH and EN) change on SCG259A, SCG299A and SCG329A.
6.       02-May-24 13:00     Fitch Affirms Thai ORIX Leasing's Guaranteed Bonds at 'AAA(tha)'
7.       02-May-24 12:34     YUANTA informs the partial redemption of YUANTA24531A on May 02, 2024.
8.       02-May-24 10:16     Central Bank Bill Auction Results: CBF24N04A
9.       02-May-24 09:22     TRIS RATING CANCELS COMPANY RATING ON “ECL”
10.       02-May-24 08:48     TRIS RATING AFFIRMS COMPANY RATING ON “GLOBAL” AT “A” WITH “STABLE” OUTLOOK
11.       02-May-24 08:45     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BIP2” AT “A-”, WITH “STABLE” OUTLOOK
12.       02-May-24 08:39     TRIS RATING AFFIRMS COMPANY RATING ON “BGRIM” AT “A”, SENIOR UNSECURED DEBT RATING AT “A-”, AND SUBORDINATED CAPITAL DEBT AT “BBB+”, WITH “STABLE” OUTLOOK
13.       02-May-24 08:39     TRIS RATING AFFIRMS COMPANY RATING ON “BGRIM” AT “A”, SENIOR UNSECURED DEBT RATING AT “A-”, AND SUBORDINATED CAPITAL DEBT AT “BBB+”, WITH “STABLE” OUTLOOK
14.       02-May-24 08:39     TRIS RATING AFFIRMS COMPANY RATING ON “BGRIM” AT “A”, SENIOR UNSECURED DEBT RATING AT “A-”, AND SUBORDINATED CAPITAL DEBT AT “BBB+”, WITH “STABLE” OUTLOOK
15.       02-May-24 08:39     TRIS RATING AFFIRMS COMPANY RATING ON “BGRIM” AT “A”, SENIOR UNSECURED DEBT RATING AT “A-”, AND SUBORDINATED CAPITAL DEBT AT “BBB+”, WITH “STABLE” OUTLOOK
 
 
Disclamer