17 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 increased by 2%.SA gained the major portion or by 52% of total outright trading value , following by Govt and CP bonds,respectively.Govt bonds yields fluctuated within a range of -4 to 2 bp.Govt clean price index ended higher by 2 bp and corp index (BBB up) closed higher by 1 bp.The most active issue was CB24725A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 16,966,217.98   -0.24  
 Number of issues 3,074  
 Total Trading Value 1,398,808.77   2.36  
   Outright/Cash Trading 45,376.30   -27.81  
   Financing 1,351,377.42   3.66  
   Others 2,055.06   4553.67  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 535,748,413.72  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 102.42 0.02 103.53 0.03 317.79 0.1 3.08   7.86   131.47  
    Group 1 ( 1 < TTM <=3 ) 70.73 0.01 71.35 0.02 218.26 0.06 2.32   1.98   5.36  
    Group 2 ( 3 < TTM <= 7 ) 104.65 0.03 105.63 0.03 311.96 0.16 2.43   4.04   19.60  
    Group 3 ( 7 < TTM <= 10 ) 133.98 -0.03 135.61 -0.02 414.39 -0.06 2.65   6.97   56.54  
    Group 4 ( 10 < TTM ) 163.56 0.06 165.76 0.08 515.35 0.24 3.29   14.00   290.52  
    Group 5 (<= 10) 87.54 0.01 88.34 0.01 265.68 0.05 2.51   3.60   21.35  
SOE (G) Bond Index 99.69 0.01 100.26 0.01 185.69 0.04 2.73   4.33   32.48  
SOE (NG) Bond Index 104.64 0.04 105.44 0.05 206.60 0.1 3.44   5.91   57.53  
Corporate Bond Index (BBB up) 105.60 0.01 106.19 0.02 215.95 0.04 3.62   2.96   16.66  
Corporate Bond Index (BBB+ up) 105.90 0.01 106.49 0.02 215.79 0.04 3.61   2.99   16.87  
 
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.  CB24725A SA 0.00000   25-Jul-24 0.19   2.256203   99.600801   3,764.91  
2.  CB24627A SA 0.00000   27-Jun-24 0.11   2.257159   99.766609   3,721.29  
3.  CB24620A SA 0.00000   20-Jun-24 0.09   2.224534   99.815990   3,541.47  
4.  TIDLOR24726A CP 0.00000   26-Jul-24 0.19   2.630000   99.498148   3,084.44  
5.  CB24523A SA 0.00000   23-May-24 0.02   2.208307   99.981853   1,865.66  
 
 
 
 Market News
 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |   >
Found 58559 headlines
No. Date/Time Headlines
61.       07-May-24 11:13     Central Bank Bill Auction Results: CB24808A, CB25508A
62.       03-May-24 10:54     Treasury Bill Auction Results: TB24N06A
63.       03-May-24 08:33     Company name of SAHACOGEN (CHONBURI) PUBLIC COMPANY LIMITED has been changed.
64.       03-May-24 08:33     SCG has announced the Issue Name (TH and EN) change on SCG259A, SCG299A and SCG329A.
65.       03-May-24 08:33     SCG has announced the Issue Name (TH and EN) change on SCG259A, SCG299A and SCG329A.
66.       03-May-24 08:33     SCG has announced the Issue Name (TH and EN) change on SCG259A, SCG299A and SCG329A.
67.       02-May-24 13:00     Fitch Affirms Thai ORIX Leasing's Guaranteed Bonds at 'AAA(tha)'
68.       02-May-24 12:34     YUANTA informs the partial redemption of YUANTA24531A on May 02, 2024.
69.       02-May-24 10:16     Central Bank Bill Auction Results: CBF24N04A
70.       02-May-24 09:22     TRIS RATING CANCELS COMPANY RATING ON “ECL”
71.       02-May-24 08:48     TRIS RATING AFFIRMS COMPANY RATING ON “GLOBAL” AT “A” WITH “STABLE” OUTLOOK
72.       02-May-24 08:45     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BIP2” AT “A-”, WITH “STABLE” OUTLOOK
73.       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
74.       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
75.       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