8 May 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
Total trading value decreased by 18%.SA gained the major portion or by 61% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -1 to 11 bp.Govt clean price index ended lower by -1 bp and corp index (BBB up) closed lower by -2 bp.The most active issue was CBF26511A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,565,801.79   0.2  
 Number of issues 2,869  
 Total Trading Value 1,353,248.08   -18.37  
   Outright/Cash Trading 119,369.72   17.94  
   Financing 1,233,868.08   -20.62  
   Others 10.28   -99.54  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 676,312,875.74  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 110.17 -0.01 111.27 0.00 351.14 0.00 2.27   8.82   161.63  
    Group 1 ( 1 < TTM <=3 ) 71.77 0.02 72.28 0.03 226.41 0.08 1.51   1.94   5.09  
    Group 2 ( 3 < TTM <= 7 ) 108.05 0.05 109.08 0.06 331.13 0.17 1.61   4.30   22.67  
    Group 3 ( 7 < TTM <= 10 ) 142.63 0.24 144.15 0.25 453.50 0.78 1.77   7.23   60.88  
    Group 4 ( 10 < TTM ) 185.75 -0.16 187.83 -0.15 602.73 -0.47 2.46   14.89   328.51  
    Group 5 (<= 10) 90.28 0.05 91.08 0.06 280.87 0.19 1.65   3.76   22.18  
SOE (G) Bond Index 103.94 -0.08 104.53 -0.09 197.74 -0.13 1.85   4.43   34.08  
SOE (NG) Bond Index 110.88 -0.02 111.67 -0.02 225.05 -0.03 2.49   5.88   56.01  
Corporate Bond Index (BBB up) 107.96 -0.02 108.59 -0.01 228.24 -0.02 2.83   2.89   15.87  
Corporate Bond Index (BBB+ up) 108.28 -0.02 108.91 -0.01 228.07 -0.02 2.82   2.91   16.01  
 
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.  CBF26511A SA 1.81206   11-May-26 0.99   1.748206   100.060638   22,409.78  
2.  CBF25609A SA 2.13771   09-Jun-25 0.09   1.707159   100.007404   7,795.55  
3.  CB25605A SA 0.00000   05-Jun-25 0.08   1.497240   99.893823   7,246.30  
4.  CB25807A SA 0.00000   07-Aug-25 0.25   1.507590   99.644719   5,862.10  
5.  LB29NA GB 2.50000   17-Nov-29 4.53   1.555395   104.101380   5,427.22  
 
 
 
 Market News
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Found 62707 headlines
No. Date/Time Headlines
2896.       27-Aug-24 08:39     TRIS Rating Assigns “AA” Rating to Senior Unsecured Debt Worth Up to THB8 Billion of “CPN”, Replacing Recent Debt Worth Up to THB5 Billion
2897.       27-Aug-24 08:39     TRIS Rating Assigns “AA” Rating to Senior Unsecured Debt Worth Up to THB8 Billion of “CPN”, Replacing Recent Debt Worth Up to THB5 Billion
2898.       27-Aug-24 08:39     TRIS Rating Assigns “AA” Rating to Senior Unsecured Debt Worth Up to THB8 Billion of “CPN”, Replacing Recent Debt Worth Up to THB5 Billion
2899.       27-Aug-24 08:39     TRIS Rating Assigns “AA” Rating to Senior Unsecured Debt Worth Up to THB8 Billion of “CPN”, Replacing Recent Debt Worth Up to THB5 Billion
2900.       27-Aug-24 08:39     TRIS Rating Assigns “AA” Rating to Senior Unsecured Debt Worth Up to THB8 Billion of “CPN”, Replacing Recent Debt Worth Up to THB5 Billion
2901.       27-Aug-24 08:39     TRIS Rating Assigns “AA” Rating to Senior Unsecured Debt Worth Up to THB8 Billion of “CPN”, Replacing Recent Debt Worth Up to THB5 Billion
2902.       27-Aug-24 08:39     TRIS Rating Assigns “AA” Rating to Senior Unsecured Debt Worth Up to THB8 Billion of “CPN”, Replacing Recent Debt Worth Up to THB5 Billion
2903.       27-Aug-24 08:39     TRIS Rating Assigns “AA” Rating to Senior Unsecured Debt Worth Up to THB8 Billion of “CPN”, Replacing Recent Debt Worth Up to THB5 Billion
2904.       27-Aug-24 08:39     TRIS Rating Assigns “AA” Rating to Senior Unsecured Debt Worth Up to THB8 Billion of “CPN”, Replacing Recent Debt Worth Up to THB5 Billion
2905.       26-Aug-24 11:38     Treasury Bill Auction Results: TB25226A
2906.       26-Aug-24 09:49     BTC แจ้งข่าวต่อ SET เรื่อง การให้ความช่วยเหลือทางการเงินแก่บุคคลที่ไม่เกี่ยวโยงกัน
2907.       23-Aug-24 17:51     ITD แจ้งข่าวต่อ SET เรื่อง ความคืบหน้าในการเรียกชำระคืนลูกหนี้การค้ารายได้ที่ยังไม่เรียกชำระและเงินใ
2908.       23-Aug-24 14:36     Fitch Places Siam City Cement on Rating Watch Evolving
2909.       23-Aug-24 14:25     Fitch Affirms Bank of China (Thai) at 'AAA(tha)'; Outlook Stable
2910.       23-Aug-24 14:24     Fitch Affirms SMTB Thai at 'AAA(tha)'; Outlook Stable
 
 
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