28 October 2026
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 56%.SA gained the major portion or by 45% of total outright trading value , following by Govt and T-Bill bonds,respectively.Govt bonds yields fluctuated within a range of -3 to 11 bp.Govt clean price index ended higher by 5 bp and corp index (BBB up) closed higher by 4 bp.The most active issue was CB26N19A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 18,433,327.14   -0.05  
 Number of issues 2,770  
 Total Trading Value 2,156,055.37   55.61  
   Outright/Cash Trading 86,247.51   -43.29  
   Financing 2,067,351.17   68.63  
   Others 2,456.69   -67.27  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 654,264,266.90  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 105.53 0.05 106.46 0.06 349.95 0.2 2.68   8.16   140.85  
    Group 1 ( 1 < TTM <=3 ) 71.12 0.02 71.62 0.03 232.23 0.09 1.28   1.90   4.95  
    Group 2 ( 3 < TTM <= 7 ) 106.54 0.08 107.37 0.09 339.05 0.28 1.69   4.27   22.30  
    Group 3 ( 7 < TTM <= 10 ) 138.60 0.07 139.64 0.08 456.80 0.25 2.12   7.88   70.63  
    Group 4 ( 10 < TTM ) 171.18 0.1 173.14 0.11 580.67 0.38 3.02   14.50   310.90  
    Group 5 (<= 10) 88.97 0.04 89.59 0.05 286.96 0.15 1.80   3.81   24.19  
SOE (G) Bond Index 102.64 0.07 103.26 0.08 201.52 0.15 2.03   4.61   33.56  
SOE (NG) Bond Index 109.76 0.09 110.52 0.06 231.98 0.21 2.55   5.42   46.88  
Corporate Bond Index (BBB up) 107.81 0.04 108.44 0.04 239.51 0.11 2.59   3.03   16.37  
Corporate Bond Index (BBB+ up) 108.16 0.04 108.80 0.04 239.24 0.11 2.55   3.08   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.  CB26N19A SA 0.00000   19-Nov-26 0.06   0.764969   99.954897   6,673.99  
2.  LB365A GB 1.84000   17-May-36 9.56   2.170432   97.156854   5,434.94  
3.  CB26N12A SA 0.00000   12-Nov-26 0.04   0.793922   99.969936   4,848.54  
4.  TB27421A TB 0.00000   21-Apr-27 0.48   0.900000   99.570347   4,779.38  
5.  LB273A GB 2.25000   17-Mar-27 0.38   0.984414   100.487523   4,007.80  
 
 
 
 Market News
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Found 66499 headlines
No. Date/Time Headlines
18121.       06-Nov-19 18:05     Fitch Affirms CP ALL's Rating at 'A(tha)'; Outlook Stable
18122.       06-Nov-19 18:05     Fitch Affirms CP ALL's Rating at 'A(tha)'; Outlook Stable
18123.       06-Nov-19 18:02     Fitch Affirms Siam Makro's Rating at 'A(tha)'; Outlook Stable
18124.       06-Nov-19 17:54     Fitch Affirms Thailand's SME BANK at 'AAA(tha)'; Outlook Stable
18125.       06-Nov-19 17:50     Fitch Affirms Government Housing Bank at 'AAA(tha)'; Outlook Stable
18126.       06-Nov-19 17:47     Fitch Affirms Islamic Bank of Thailand; Withdraws International Ratings
18127.       06-Nov-19 17:10     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “TMT” AT “BBB”, WITH “STABLE” OUTLOOK
18128.       06-Nov-19 10:00     YUANTA informs to partially redeem YUANTA19N29A on November 06, 2019.
18129.       06-Nov-19 09:37     Bill of Exchange of LPN to be registered on November 06, 2019
18130.       06-Nov-19 09:03     TU26NA and TU29NA has been registered with ThaiBMA on November 06, 2019
18131.       05-Nov-19 16:18     TRIS RATING ASSIGNS “BBB+/STABLE” RATING TO SENIOR UNSECURED DEBT OF “TUC”
18132.       05-Nov-19 13:08     Bill of Exchange of YUANTA to be registered on November 05, 2019
18133.       05-Nov-19 12:00     Central Bank Bill Auction Results: CB20206B, CB20507A, CB20N05A (update)
18134.       05-Nov-19 09:26     Informing the Progress of the Default
18135.       04-Nov-19 13:50     Bill of Exchange of CPF to be registered on November 04, 2019
 
 
Disclamer