10 November 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 increased by 3%.Govt gained the major portion or by 54% of total outright trading value , following by SA and CORP bonds,respectively.Govt bonds yields increased by 0 to 5 bp.Govt clean price index ended lower by -6 bp and corp index (BBB up) closed lower by -2 bp.The most active issue was LB336A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,847,026.45   0.06  
 Number of issues 2,801  
 Total Trading Value 1,292,650.08   2.55  
   Outright/Cash Trading 61,983.79   32.39  
   Financing 1,230,441.32   1.42  
   Others 224.97   -48.13  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 744,649,870.63  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 111.61 -0.06 112.72 -0.05 360.53 -0.17 2.11   9.12   172.49  
    Group 1 ( 1 < TTM <=3 ) 71.65 -0.01 72.14 -0.01 228.63 -0.02 1.39   1.83   4.56  
    Group 2 ( 3 < TTM <= 7 ) 107.82 -0.11 108.85 -0.1 334.94 -0.3 1.54   4.30   22.73  
    Group 3 ( 7 < TTM <= 10 ) 142.69 -0.03 143.93 -0.02 459.73 -0.07 1.72   7.63   66.90  
    Group 4 ( 10 < TTM ) 191.29 -0.11 193.44 -0.09 629.51 -0.3 2.27   15.22   343.81  
    Group 5 (<= 10) 90.14 -0.05 90.93 -0.04 284.08 -0.13 1.57   3.78   22.61  
SOE (G) Bond Index 104.02 -0.06 104.62 -0.05 200.08 -0.1 1.78   4.37   33.70  
SOE (NG) Bond Index 111.50 -0.09 112.32 -0.08 229.46 -0.17 2.35   5.76   53.71  
Corporate Bond Index (BBB up) 108.06 -0.02 108.69 -0.02 232.45 -0.03 2.69   2.97   16.31  
Corporate Bond Index (BBB+ up) 108.46 -0.02 109.11 -0.02 232.40 -0.03 2.64   3.02   16.82  
 
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.  LB336A GB 3.35000   17-Jun-33 7.61   1.686971   111.804143   8,619.91  
2.  LB456A GB 2.98000   17-Jun-45 19.61   2.333647   110.113265   5,128.87  
3.  LB353A GB 2.41000   17-Mar-35 9.35   1.747955   105.692291   3,406.45  
4.  LB296A GB 4.87500   22-Jun-29 3.62   1.460239   111.955997   3,290.73  
5.  LB27NA GB 2.40000   17-Nov-27 2.02   1.386230   102.007229   3,286.57  
 
 
 
 Market News
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Found 64909 headlines
No. Date/Time Headlines
13366.       13-Sep-21 19:08     แจ้งการแต่งตั้งที่ปรึกษาทางการเงินและผู้ทำแผน
13367.       13-Sep-21 19:08     แจ้งการแต่งตั้งที่ปรึกษาทางการเงินและผู้ทำแผน
13368.       13-Sep-21 15:44     Fitch Removes RWN on Capital Nomura; Affirms 'AA(tha)'; Outlook Stable
13369.       13-Sep-21 15:33     Fitch Affirms EASY BUY at 'AA(tha)'; Outlook Stable
13370.       13-Sep-21 10:53     Treasury Bill Auction Results: TB22316A
13371.       13-Sep-21 10:00     YUANTA informs to partially redeem YUANTA21930B on September 13, 2021.
13372.       10-Sep-21 14:00     TRIS RATING AFFIRMS RATINGS OF GUARANTEED DEBENTURES OF “TLT”: MEDIUM-TERM AT “AAA”, “THAI BAHT DEBE
13373.       09-Sep-21 14:58     State Own Enterprise Bond Auction Results: BMTA293A, BMTA369A
13374.       09-Sep-21 10:09     Central Bank Bill Auction Results: CBF22314A
13375.       09-Sep-21 09:40     Announcement of the result of NVD226A's partial put option exercised on June 24, 2021.
13376.       08-Sep-21 20:18     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAY” AT “AAA”, WITH “STABLE” OUTLOOK
13377.       08-Sep-21 14:27     TRIS RATING ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB12 BILLION OF “BCPG”, WITH “
13378.       08-Sep-21 11:25     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “KSL” AT “BBB+”, WITH “STABLE” OUTLOO
13379.       08-Sep-21 11:03     Loan Bond Auction Results: LB276A
13380.       08-Sep-21 10:00     YUANTA informs to partially redeem YUANTA21930B on September 08, 2021.
 
 
Disclamer