18 April 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 11%.SA gained the major portion or by 41% of total outright trading value , following by Govt and T-Bill bonds,respectively.Govt bonds yields decreased by -7 to 0 bp.Govt clean price index ended higher by 32 bp and corp index (BBB up) closed higher by 13 bp.The most active issue was TB24O09A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 16,880,917.59   -0.05  
 Number of issues 3,055  
 Total Trading Value 1,756,252.91   -10.66  
   Outright/Cash Trading 86,847.02   55.01  
   Financing 1,668,903.75   -12.6  
   Others 502.13   83.28  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 514,514,850.77  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 102.50 0.32 103.40 0.33 317.35 1.02 3.07   7.96   134.08  
    Group 1 ( 1 < TTM <=3 ) 70.68 0.03 71.17 0.03 217.70 0.1 2.35   2.06   5.71  
    Group 2 ( 3 < TTM <= 7 ) 104.51 0.14 105.30 0.15 310.84 0.45 2.47   4.12   20.32  
    Group 3 ( 7 < TTM <= 10 ) 133.86 0.4 135.18 0.41 413.06 1.26 2.67   7.05   57.66  
    Group 4 ( 10 < TTM ) 164.15 0.95 165.92 0.96 515.85 2.99 3.26   14.14   295.71  
    Group 5 (<= 10) 87.45 0.12 88.09 0.13 264.90 0.38 2.54   3.67   21.98  
SOE (G) Bond Index 99.72 0.17 100.24 0.18 185.42 0.33 2.71   4.04   30.12  
SOE (NG) Bond Index 104.64 0.28 105.38 0.29 206.12 0.57 3.43   5.98   58.40  
Corporate Bond Index (BBB up) 105.39 0.13 106.04 0.12 214.93 0.28 3.68   2.95   16.66  
Corporate Bond Index (BBB+ up) 105.68 0.13 106.34 0.12 214.77 0.28 3.67   2.98   16.90  
 
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.  TB24O09A TB 0.00000   09-Oct-24 0.48   2.260627   98.939884   12,471.37  
2.  BOTF256A SA 2.53986   26-Jun-25 1.19   2.531149   100.038866   8,541.36  
3.  LB273A GB 2.25000   17-Mar-27 2.91   2.378276   99.631343   7,533.49  
4.  CB24711A SA 0.00000   11-Jul-24 0.23   2.194137   99.503243   5,651.78  
5.  CB24718A SA 0.00000   18-Jul-24 0.25   2.210105   99.452115   5,593.19  
 
 
 
 Market News
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Found 58296 headlines
No. Date/Time Headlines
61.       11-Apr-24 10:30     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “EA” AT “A-” WITH “NEGATIVE” OUTLOOK
62.       11-Apr-24 10:30     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “EA” AT “A-” WITH “NEGATIVE” OUTLOOK
63.       11-Apr-24 10:30     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “EA” AT “A-” WITH “NEGATIVE” OUTLOOK
64.       11-Apr-24 10:30     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “EA” AT “A-” WITH “NEGATIVE” OUTLOOK
65.       11-Apr-24 10:30     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “EA” AT “A-” WITH “NEGATIVE” OUTLOOK
66.       11-Apr-24 10:30     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “EA” AT “A-” WITH “NEGATIVE” OUTLOOK
67.       11-Apr-24 10:30     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “EA” AT “A-” WITH “NEGATIVE” OUTLOOK
68.       11-Apr-24 10:30     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “EA” AT “A-” WITH “NEGATIVE” OUTLOOK
69.       11-Apr-24 10:30     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “EA” AT “A-” WITH “NEGATIVE” OUTLOOK
70.       11-Apr-24 10:30     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “EA” AT “A-” WITH “NEGATIVE” OUTLOOK
71.       11-Apr-24 10:30     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “EA” AT “A-” WITH “NEGATIVE” OUTLOOK
72.       11-Apr-24 10:22     TRIS RATING AFFIRMS COMPANY RATING ON “TEGH” AT “BBB-” WITH “STABLE” OUTLOOK
73.       11-Apr-24 09:23     YUANTA informs to redeem YUANTA24412A on April 11, 2024.
74.       10-Apr-24 16:30     ข้อมูลสำคัญทางการเงิน ของ MPSC งบปี/2023 (แก้ไข)
75.       09-Apr-24 10:22     Central Bank Bill Auction Results: CB24711A
 
 
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