26 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 10%.SA gained the major portion or by 52% of total outright trading value , following by Govt and CP bonds,respectively.Govt bonds yields increased by 0 to 5 bp.Govt clean price index ended lower by -10 bp and corp index (BBB up) closed lower by -2 bp.The most active issue was TB24814A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 16,924,851.72   0.25  
 Number of issues 3,050  
 Total Trading Value 1,295,682.60   -10.36  
   Outright/Cash Trading 56,437.72   -27.54  
   Financing 1,238,962.86   -9.37  
   Others 282.01   -41.04  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 532,128,291.40  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 102.16 -0.1 103.11 -0.09 316.48 -0.28 3.11   7.94   133.94  
    Group 1 ( 1 < TTM <=3 ) 70.63 -0.01 71.16 0.00 217.68 0.00 2.38   2.04   5.61  
    Group 2 ( 3 < TTM <= 7 ) 104.24 -0.1 105.09 -0.1 310.22 -0.29 2.53   4.10   20.11  
    Group 3 ( 7 < TTM <= 10 ) 133.36 -0.14 134.76 -0.13 411.77 -0.39 2.72   7.02   57.30  
    Group 4 ( 10 < TTM ) 163.23 -0.25 165.12 -0.24 513.38 -0.73 3.30   14.12   295.34  
    Group 5 (<= 10) 87.29 -0.05 87.97 -0.05 264.54 -0.14 2.59   3.65   21.77  
SOE (G) Bond Index 99.47 -0.06 100.02 -0.06 185.04 -0.11 2.77   4.01   29.87  
SOE (NG) Bond Index 104.21 -0.11 105.02 -0.1 205.42 -0.2 3.50   5.94   57.83  
Corporate Bond Index (BBB up) 105.30 -0.02 105.93 -0.01 214.92 -0.01 3.71   2.96   16.65  
Corporate Bond Index (BBB+ up) 105.60 -0.02 106.23 -0.01 214.76 -0.01 3.70   2.99   16.87  
 
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.  TB24814A TB 0.00000   14-Aug-24 0.30   2.207947   99.356902   3,000.58  
2.  TIDLOR24531B CP 0.00000   31-May-24 0.10   2.610000   99.750351   2,992.51  
3.  CBF24513B SA 2.55821   13-May-24 0.05   2.520075   100.001515   2,858.87  
4.  CBF24513A SA 2.39537   13-May-24 0.05   2.516632   100.000566   2,213.99  
5.  LB436A GB 3.45000   17-Jun-43 19.15   3.301807   102.082073   2,209.80  
 
 
 
 Market News
 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |   >
Found 58397 headlines
No. Date/Time Headlines
106.       17-Apr-24 14:08     TRIS RATING AFFIRMS COMPANY RATING ON “SAMTEL” AT “BBB” AND REVISES OUTLOOK TO “POSITIVE” FROM “STABLE”
107.       17-Apr-24 14:03     TRIS RATING AFFIRMS COMPANY RATING ON “SAMART” AT “BBB” AND REVISES OUTLOOK TO “POSITIVE” FROM “STABLE”
108.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
109.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
110.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
111.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
112.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
113.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
114.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
115.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
116.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
117.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
118.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
119.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
120.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
 
 
Disclamer