2 July 2026
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 7%.Govt gained the major portion or by 54% of total outright trading value , following by SA and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -3 to 3 bp.Govt clean price index ended higher by 14 bp and corp index (BBB up) closed higher by 7 bp.The most active issue was BOT285A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 18,071,804.95   -0.26  
 Number of issues 2,751  
 Total Trading Value 1,418,490.91   -7.19  
   Outright/Cash Trading 75,572.22   -1.79  
   Financing 1,338,430.63   -7.76  
   Others 4,488.07   1081.13  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 666,791,113.16  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 106.64 0.14 106.85 0.15 350.53 0.49 2.57   8.51   148.57  
    Group 1 ( 1 < TTM <=3 ) 71.56 0.02 71.79 0.02 231.67 0.08 1.19   2.16   6.09  
    Group 2 ( 3 < TTM <= 7 ) 107.35 0.18 107.55 0.19 338.97 0.59 1.58   4.60   25.47  
    Group 3 ( 7 < TTM <= 10 ) 140.36 0.33 140.69 0.34 459.19 1.12 1.97   8.13   74.89  
    Group 4 ( 10 < TTM ) 173.70 0.27 173.94 0.29 583.15 0.97 2.92   14.86   322.85  
    Group 5 (<= 10) 89.64 0.1 89.86 0.11 286.92 0.35 1.66   4.05   26.24  
SOE (G) Bond Index 103.49 0.11 103.97 0.11 201.81 0.22 1.84   4.45   33.06  
SOE (NG) Bond Index 110.09 0.12 110.72 0.13 230.62 0.26 2.51   5.53   48.71  
Corporate Bond Index (BBB up) 108.16 0.07 108.85 0.08 237.72 0.17 2.53   3.02   16.52  
Corporate Bond Index (BBB+ up) 108.54 0.07 109.24 0.08 237.56 0.18 2.49   3.07   16.99  
 
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.  BOT285A SA 1.28000   25-May-28 1.90   1.187039   100.167558   8,015.16  
2.  LB346A GB 2.80000   17-Jun-34 7.96   1.865382   106.876396   5,065.53  
3.  LB27NA GB 2.40000   17-Nov-27 1.38   0.993593   101.895773   4,335.26  
4.  SLB406A GB 2.70000   17-Jun-40 13.97   2.483216   102.538546   3,862.20  
5.  LB284A GB 2.05000   17-Apr-28 1.79   1.117146   101.639796   2,964.07  
 
 
 
 Market News
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Found 66060 headlines
No. Date/Time Headlines
53476.       23-Nov-10 17:33     TISCO's subordinated and unsecured debentures has been assigned by Fitch Ratings
53477.       23-Nov-10 17:19     AYFCASH has been affirmed ratings by Fitch Ratings
53478.       23-Nov-10 16:55     BE of ROJNA will be registered on November 24, 2010
53479.       23-Nov-10 16:52     BE of FNS to be registered on November 23, 2010
53480.       23-Nov-10 16:39     BE of TISCOG to be registered on November 23, 2010
53481.       23-Nov-10 16:38     BE of PS will be registered on November 24, 2010
53482.       23-Nov-10 14:58     The issue size of KEST10D17A has been changed.
53483.       23-Nov-10 10:46     BOT Bond Auction Results
53484.       23-Nov-10 09:52     DTAC has been upgraded the company ratings by Fitch Ratings.
53485.       22-Nov-10 17:47     S-T debentures of DBBK to be registered on November 22 and 23, 2010
53486.       22-Nov-10 17:38     S-T debentures of TLT to be registered on November 22, 2010
53487.       22-Nov-10 17:17     BE of PTTEP to be registered on November 23, 2010
53488.       22-Nov-10 17:17     BE of ROJNA to be registered on November 22, 23, 24 and 25, 2010
53489.       22-Nov-10 17:16     BE of EASTW to be registered on November 22, 2010
53490.       22-Nov-10 17:15     BE of PL will be registered on November 24, 2010.
 
 
Disclamer