25 May 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 decreased by 4%.SA gained the major portion or by 44% of total outright trading value , following by Govt and T-Bill bonds,respectively.Govt bonds yields fluctuated within a range of -5 to 7 bp.Govt clean price index ended higher by 7 bp and corp index (BBB up) closed higher by 4 bp.The most active issue was TB26N18A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 18,241,411.60   -0.02  
 Number of issues 2,753  
 Total Trading Value 1,386,834.28   -4.45  
   Outright/Cash Trading 58,097.21   1.32  
   Financing 1,328,638.38   -4.67  
   Others 98.69   -69.1  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 632,380,905.12  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 104.46 0.07 105.56 0.07 342.46 0.24 2.80   8.16   140.95  
    Group 1 ( 1 < TTM <=3 ) 71.42 0.01 71.83 0.01 230.65 0.05 1.32   1.96   5.26  
    Group 2 ( 3 < TTM <= 7 ) 106.51 0.08 107.48 0.09 335.44 0.28 1.72   4.17   21.18  
    Group 3 ( 7 < TTM <= 10 ) 136.64 0.15 137.80 0.16 446.00 0.52 2.26   7.61   66.46  
    Group 4 ( 10 < TTM ) 167.53 0.13 169.91 0.14 560.75 0.47 3.14   14.23   302.62  
    Group 5 (<= 10) 88.82 0.05 89.51 0.05 283.61 0.17 1.87   3.74   23.08  
SOE (G) Bond Index 102.33 0.08 102.94 0.09 199.11 0.17 2.10   4.44   33.33  
SOE (NG) Bond Index 108.33 0.11 109.18 0.1 226.28 0.25 2.79   5.46   47.76  
Corporate Bond Index (BBB up) 107.52 0.04 108.14 0.05 235.50 0.11 2.73   2.95   15.82  
Corporate Bond Index (BBB+ up) 107.88 0.04 108.52 0.05 235.32 0.11 2.68   3.00   16.32  
 
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.  TB26N18A TB 0.00000   18-Nov-26 0.48   0.852000   99.588538   4,569.12  
2.  CB26702B SA 0.00000   02-Jul-26 0.10   0.856854   99.913163   4,471.11  
3.  CB26618A SA 0.00000   18-Jun-26 0.07   0.859755   99.946755   3,568.10  
4.  CBF26615A SA 1.40810   15-Jun-26 0.06   0.983846   100.003348   3,089.22  
5.  CBF26615B SA 1.17574   15-Jun-26 0.06   0.982851   100.003598   2,624.95  
 
 
 
 Market News
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Found 65886 headlines
No. Date/Time Headlines
36496.       01-Feb-16 10:16     Treasury Bill Auction Results
36497.       01-Feb-16 10:11     PRIN192A is registered with ThaiBMA on February 4, 2016
36498.       01-Feb-16 09:56     STN   of  DBSV to be registered on February 01, 2016
36499.       01-Feb-16 09:55     BE  of  ROJNA to be registered on February 01, 2016
36500.       01-Feb-16 09:55     BE  of  THANI to be registered on February 01, 2016
36501.       01-Feb-16 09:54     BE  of  KTC to be registered on February 01, 2016
36502.       01-Feb-16 09:54     BE  of  KTC to be registered on February 01, 2016
36503.       01-Feb-16 09:54     BE  of  ROJNA to be registered on February 01, 2016
36504.       01-Feb-16 09:52     BE  of  EARTH to be registered on February 01, 2016
36505.       29-Jan-16 16:14     BE  of  MPSC to be registered on January 29, 2016
36506.       29-Jan-16 11:54     UWC181A is registered with ThaiBMA on January 29, 2016
36507.       29-Jan-16 11:34     SPALI191A is registered with ThaiBMA on January 29, 2016
36508.       29-Jan-16 11:28     TRIS Rating Assigns “BBB-/Stable” Rating to Senior Unsecured Debt of “EP"
36509.       29-Jan-16 11:10     NTL171A is registered with ThaiBMA on January 29, 2016
36510.       29-Jan-16 10:40     STN   of  DBSV to be registered on January 29, 2016
 
 
Disclamer