16 September 2019
Service Manager :  Sineerat (0-2257-0357 # 301)
  Home > ASEAN Bond Market  
 
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 1%.SA gained the major portion or by 50% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields decreased by -6 to 0 bp.Govt clean price index ended higher by 20 bp and corp index (BBB up) closed higher by 6 bp.The most active issue was CB19O01A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 13,092,204.69   0.3  
 Number of issues 2,740  
 Total Trading Value 1,026,951.48   1.29  
   Outright/Cash Trading 92,675.99   -17.88  
   Financing 933,775.75   3.64  
   Others 499.73   n.a.  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 500,662,927.35  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 117.88 0.2 118.74 0.21 320.44 0.56 1.82   10.56   220.31  
    Group 1 ( 1 < TTM <=3 ) 74.94 0.01 75.75 0.02 207.18 0.06 1.37   2.17   6.07  
    Group 2 ( 3 < TTM <= 7 ) 112.01 0.12 112.83 0.13 295.32 0.34 1.42   4.16   21.41  
    Group 3 ( 7 < TTM <= 10 ) 147.50 0.17 148.44 0.19 397.81 0.5 1.56   7.53   66.17  
    Group 4 ( 10 < TTM ) 203.40 0.51 204.78 0.53 553.11 1.42 1.92   16.85   421.05  
    Group 5 (<= 10) 93.82 0.08 94.55 0.09 251.84 0.24 1.49   4.66   31.68  
SOE (G) Bond Index 105.02 -0.08 105.73 -0.07 175.62 -0.11 1.66   3.86   25.32  
SOE (NG) Bond Index 113.72 0.25 114.65 0.26 195.67 0.45 2.08   6.14   64.59  
Corporate Bond Index (BBB up) 104.82 0.06 105.80 0.07 242.40 0.16 2.39   2.66   14.38  
Corporate Bond Index (BBB+ up) 105.35 0.06 106.34 0.08 244.25 0.16 2.39   2.66   14.38  
 
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.  CB19O01A SA 0.00000   01-Oct-19 0.04   1.345426   99.959788   8,131.73  
2.  LB28DA GB 2.87500   17-Dec-28 9.26   1.579871   111.096182   7,091.57  
3.  LB23DA GB 2.40000   17-Dec-23 4.25   1.391508   104.141366   5,408.24  
4.  LB326A GB 3.77500   25-Jun-32 12.78   1.662063   124.214161   4,582.47  
5.  LB386A GB 3.30000   17-Jun-38 18.76   1.692129   125.732000   4,127.41  
 
 
 
 Market News
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Found 47716 headlines
No. Date/Time Headlines
106.       06-Sep-19 14:11     BE  of KTC to be registered on September 06, 2019
107.       06-Sep-19 14:11     BE  of KTC to be registered on September 06, 2019
108.       06-Sep-19 14:11     BE  of KTC to be registered on September 06, 2019
109.       06-Sep-19 11:26     BE  of YUANTA to be registered on September 06, 2019
110.       06-Sep-19 10:40     CGD219A has been registered with ThaiBMA on September 6, 2019
111.       06-Sep-19 10:19     Central Bill Auction Results: CB19924A
112.       06-Sep-19 09:51     CGH informs to partially redeem CGH206A on August 28, 2019.
113.       06-Sep-19 09:30     YUANTA informs to partially redeem YUANTA19930A on September 06, 2019.
114.       06-Sep-19 09:26     Clarification the progress of defaulted interest payment on...
115.       06-Sep-19 09:26     Clarification the progress of defaulted interest payment on...
116.       06-Sep-19 09:16     BE  of SIRI to be registered on September 06, 2019
117.       06-Sep-19 09:16     BE  of TFG to be registered on September 06, 2019
118.       06-Sep-19 09:15     BE  of MBKET to be registered on September 06, 2019
119.       06-Sep-19 09:15     BE  of MK to be registered on September 06, 2019
120.       06-Sep-19 09:14     BE  of GUNKUL to be registered on September 06, 2019
 
 
Disclamer