29 December 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
SA gained the major portion or by 47% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -2 to 5 bp.Govt clean price index ended unchanged by 0 bp while corp index (BBB up) closed higher by 3 bp.The most active issue was CB26326A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,885,198.86   0.01  
 Number of issues 2,764  
 Total Trading Value 1,314,905.12   -0.23  
   Outright/Cash Trading 31,960.76   -28.31  
   Financing 1,281,999.22   0.74  
   Others 945.14   11.76  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 759,955,837.38  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 112.10 0.00 112.30 -0.02 363.36 0.04 2.06   9.19   173.27  
    Group 1 ( 1 < TTM <=3 ) 71.89 0.00 72.09 0.00 230.05 0.00 1.15   1.95   5.13  
    Group 2 ( 3 < TTM <= 7 ) 108.82 0.02 109.05 0.03 339.17 0.1 1.29   4.34   22.83  
    Group 3 ( 7 < TTM <= 10 ) 144.08 0.18 144.37 0.18 465.68 0.6 1.59   7.90   71.07  
    Group 4 ( 10 < TTM ) 191.58 -0.06 191.77 -0.19 632.82 -0.15 2.27   15.62   357.09  
    Group 5 (<= 10) 90.75 0.03 90.97 0.04 286.91 0.11 1.39   4.03   25.48  
SOE (G) Bond Index 104.64 0.04 105.13 0.03 201.83 0.09 1.64   4.37   33.94  
SOE (NG) Bond Index 112.34 0.06 112.96 -0.01 232.03 0.15 2.19   5.84   53.55  
Corporate Bond Index (BBB up) 108.61 0.03 109.30 0.04 234.68 0.08 2.49   2.97   16.32  
Corporate Bond Index (BBB+ up) 109.02 0.03 109.72 0.04 234.63 0.08 2.44   3.03   16.85  
 
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.  CB26326A SA 0.00000   26-Mar-26 0.24   1.016750   99.759410   3,229.21  
2.  CPF26925A CP 0.00000   25-Sep-26 0.74   1.520000   98.888118   1,977.76  
3.  CB26618A SA 0.00000   18-Jun-26 0.47   1.054552   99.511239   1,801.15  
4.  CB26108B SA 0.00000   08-Jan-26 0.03   1.014118   99.984143   1,655.74  
5.  LB303A GB 1.66000   17-Mar-30 4.22   1.259125   101.639049   1,343.13  
 
 
 
 Market News
< 1121 | 1122 | 1123 | 1124 | 1125 | 1126 | 1127 | 1128 | 1129 | 1130 |   >
Found 65326 headlines
No. Date/Time Headlines
16846.       15-Nov-19 10:39     AEON22NA and AEON24NA has been registered with ThaiBMA on November 15, 2019
16847.       15-Nov-19 09:51     TOLC22NB has been registered with ThaiBMA on November 15, 2019
16848.       15-Nov-19 09:51     Central Bank Bill Auction Results: CB19D03A
16849.       15-Nov-19 09:30     YUANTA informs to partially redeem YUANTA19N29A on November 06, 2019.
16850.       15-Nov-19 09:25     Bill of Exchange of LALIN to be registered on November 15, 2019
16851.       15-Nov-19 09:20     Explanation of the resolution of the debenture holders' meeting no.2/2019 (TLUXE205A)
16852.       14-Nov-19 17:07     State Own Enterprise Bond Auction Results: BMTA29DA
16853.       14-Nov-19 15:00     HMPRO22NA has been registered with ThaiBMA on November 14, 2019
16854.       14-Nov-19 14:29     DA235A has been registered with ThaiBMA on November 14, 2019
16855.       14-Nov-19 14:01     TRIS RATING ASSIGNS “A/STABLE” RATING TO SENIOR UNSECURED DEBT WORTH UP TO BT1,500 MILLION OF “WHART
16856.       14-Nov-19 14:01     TRIS RATING ASSIGNS “A/STABLE” RATING TO SENIOR UNSECURED DEBT WORTH UP TO BT1,500 MILLION OF “WHART
16857.       14-Nov-19 14:01     TRIS RATING ASSIGNS “A/STABLE” RATING TO SENIOR UNSECURED DEBT WORTH UP TO BT1,500 MILLION OF “WHART
16858.       14-Nov-19 14:01     TRIS RATING ASSIGNS “A/STABLE” RATING TO SENIOR UNSECURED DEBT WORTH UP TO BT1,500 MILLION OF “WHART
16859.       14-Nov-19 14:01     TRIS RATING ASSIGNS “A/STABLE” RATING TO SENIOR UNSECURED DEBT WORTH UP TO BT1,500 MILLION OF “WHART
16860.       14-Nov-19 11:59     Bank of Thailand Bond Auction Results: BOT229A (update)
 
 
Disclamer