7 September 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 increased by 8%.Govt gained the major portion or by 48% of total outright trading value , following by SA and T-Bill bonds,respectively.Govt bonds yields increased by 0 to 2 bp.Govt clean price index ended lower by -5 bp and corp index (BBB up) closed lower by -2 bp.The most active issue was LB27NA.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 18,294,923.64   -0.06  
 Number of issues 2,743  
 Total Trading Value 1,387,889.76   8.47  
   Outright/Cash Trading 63,933.58   -13.4  
   Financing 1,321,894.54   9.63  
   Others 2,061.64   n.a.  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 663,866,789.77  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 105.66 -0.05 106.41 -0.05 349.07 -0.15 2.67   8.31   144.80  
    Group 1 ( 1 < TTM <=3 ) 71.29 -0.02 71.87 -0.01 231.92 -0.05 1.25   1.97   5.25  
    Group 2 ( 3 < TTM <= 7 ) 106.85 -0.01 107.51 -0.01 338.85 -0.02 1.64   4.36   23.17  
    Group 3 ( 7 < TTM <= 10 ) 138.25 0.01 139.17 0.02 454.22 0.07 2.15   7.98   72.39  
    Group 4 ( 10 < TTM ) 171.39 -0.19 172.64 -0.17 578.80 -0.58 3.01   14.70   318.76  
    Group 5 (<= 10) 89.08 -0.01 89.69 0.00 286.38 -0.01 1.79   3.91   25.09  
SOE (G) Bond Index 102.51 -0.03 103.05 -0.03 200.68 -0.05 2.05   4.35   31.85  
SOE (NG) Bond Index 109.54 -0.04 110.29 -0.03 230.64 -0.06 2.58   5.43   47.01  
Corporate Bond Index (BBB up) 107.90 -0.02 108.63 -0.01 238.61 -0.02 2.58   3.03   16.40  
Corporate Bond Index (BBB+ up) 108.26 -0.02 109.00 -0.01 238.37 -0.03 2.53   3.08   16.91  
 
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.  LB27NA GB 2.40000   17-Nov-27 1.19   1.113145   101.505616   5,688.78  
2.  TB27310A TB 0.00000   10-Mar-27 0.50   0.942839   99.532261   4,890.02  
3.  LB556A GB 4.00000   17-Jun-55 28.79   3.209697   114.762386   4,824.04  
4.  LB276A GB 1.00000   17-Jun-27 0.78   1.083643   99.934195   4,175.83  
5.  LB273A GB 2.25000   17-Mar-27 0.52   1.042959   100.629299   3,969.71  
 
 
 
 Market News
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Found 66378 headlines
No. Date/Time Headlines
56596.       14-Jul-09 10:21     Fitch Rating assigned the issue rating for new three tranches of PTT debentures.
56597.       13-Jul-09 16:08     BE of FNS to be registered on July 13, 2009
56598.       13-Jul-09 16:07     PN of BBTM to be registered on July 13, 2009
56599.       13-Jul-09 16:07     BBTM informs to put option since July 13, 2009
56600.       13-Jul-09 16:06     S-T debentures of DBBK to be registered on July 13, 2009
56601.       13-Jul-09 16:05     BE of PTTAR to be registered on July 13 and 16, 2009
56602.       13-Jul-09 16:04     BE of KTC to be registered on July 13 and 14, 2009.
56603.       13-Jul-09 16:03     S-T debentures of SCBT to be registered on July 13, 2009
56604.       13-Jul-09 11:58     Treasury Bill Auction Result
56605.       10-Jul-09 16:04     BE of MPSC will be registered on July 14, 2009.
56606.       10-Jul-09 15:15     BBTM informs to put option since July 10, 2009
56607.       10-Jul-09 15:14     PN of BBTM to be registered on July 10, 2009
56608.       10-Jul-09 15:13     S-T debentures of DBBK to be registered on July 10, 2009
56609.       10-Jul-09 15:12     BE of HWAY to be registered on July 10, 2009
56610.       10-Jul-09 15:11     S-T debentures of SCBT to be registered on July 10, 2009
 
 
Disclamer