13 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 18%.SA gained the major portion or by 54% of total outright trading value , following by Govt and CP bonds,respectively.Govt bonds yields fluctuated within a range of -1 to 2 bp.Govt clean price index ended lower by -5 bp while corp index (BBB up) closed higher by 1 bp.The most active issue was CB24523A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,028,773.52   -0.29  
 Number of issues 3,053  
 Total Trading Value 1,165,415.97   -18.04  
   Outright/Cash Trading 39,884.99   -26.46  
   Financing 1,125,142.42   -17.74  
   Others 388.57   n.a.  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 533,546,593.65  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 102.08 -0.05 103.16 -0.04 316.65 -0.14 3.12   7.85   131.32  
    Group 1 ( 1 < TTM <=3 ) 70.66 -0.02 71.27 -0.01 218.01 -0.03 2.36   1.99   5.40  
    Group 2 ( 3 < TTM <= 7 ) 104.43 0.08 105.38 0.09 311.16 0.26 2.48   4.05   19.67  
    Group 3 ( 7 < TTM <= 10 ) 133.42 0.03 135.01 0.04 412.54 0.12 2.71   6.98   56.63  
    Group 4 ( 10 < TTM ) 162.70 -0.26 164.84 -0.25 512.50 -0.78 3.32   14.00   290.65  
    Group 5 (<= 10) 87.37 0.02 88.15 0.03 265.09 0.09 2.56   3.61   21.38  
SOE (G) Bond Index 99.48 0.00 100.06 0.01 185.25 0.01 2.78   4.31   32.41  
SOE (NG) Bond Index 104.29 -0.01 105.08 -0.02 205.86 0.00 3.49   5.91   57.40  
Corporate Bond Index (BBB up) 105.45 0.01 106.05 0.02 215.56 0.04 3.66   2.96   16.68  
Corporate Bond Index (BBB+ up) 105.75 0.01 106.35 0.02 215.40 0.04 3.65   2.99   16.89  
 
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.  CB24523A SA 0.00000   23-May-24 0.03   2.157358   99.958444   5,741.61  
2.  CBF25512A SA 2.57393   12-May-25 1.00   2.502747   100.069287   2,737.95  
3.  LB273A GB 2.25000   17-Mar-27 2.84   2.380868   99.631703   2,504.89  
4.  MPSC24813A CP 0.00000   13-Aug-24 0.25   2.610000   99.346437   1,986.93  
5.  CBF24N04A SA 2.55836   04-Nov-24 0.48   2.462675   100.052306   1,749.74  
 
 
 
 Market News
< 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 |   >
Found 58529 headlines
No. Date/Time Headlines
421.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
422.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
423.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
424.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
425.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
426.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
427.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
428.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
429.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
430.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
431.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
432.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
433.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
434.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
435.       01-Apr-24 11:42     TRIS RATING DOWNGRADES COMPANY & SENIOR UNSECURED DEBT RATINGS ON “CPF” TO “A” FROM “A+”, SUBORDINATED CAPITAL DEBT RATING TO “BBB+” FROM “A-”
 
 
Disclamer