3 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 1%.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 -4 to 1 bp.Govt clean price index ended higher by 13 bp and corp index (BBB up) closed higher by 5 bp.The most active issue was LB294A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 18,111,865.65   0.22  
 Number of issues 2,754  
 Total Trading Value 1,401,189.46   -1.22  
   Outright/Cash Trading 72,032.61   -4.68  
   Financing 1,328,561.58   -0.74  
   Others 595.26   -86.74  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 669,604,231.01  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 106.77 0.13 106.99 0.14 350.98 0.45 2.55   8.50   148.30  
    Group 1 ( 1 < TTM <=3 ) 71.57 0.01 71.81 0.02 231.72 0.05 1.18   2.15   6.08  
    Group 2 ( 3 < TTM <= 7 ) 107.48 0.13 107.69 0.14 339.39 0.43 1.55   4.59   25.43  
    Group 3 ( 7 < TTM <= 10 ) 140.61 0.25 140.95 0.26 460.04 0.85 1.95   8.13   74.88  
    Group 4 ( 10 < TTM ) 174.00 0.3 174.25 0.31 584.21 1.05 2.91   14.87   323.04  
    Group 5 (<= 10) 89.71 0.08 89.94 0.08 287.18 0.26 1.64   4.05   26.23  
SOE (G) Bond Index 103.46 -0.03 103.94 -0.03 201.77 -0.04 1.85   4.45   33.02  
SOE (NG) Bond Index 110.23 0.14 110.87 0.15 230.93 0.31 2.48   5.54   48.75  
Corporate Bond Index (BBB up) 108.21 0.05 108.91 0.06 237.85 0.13 2.51   3.02   16.51  
Corporate Bond Index (BBB+ up) 108.59 0.05 109.30 0.06 237.69 0.13 2.47   3.07   16.98  
 
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.  LB294A GB 1.19000   17-Apr-29 2.79   1.250717   99.832489   6,193.18  
2.  LB273A GB 2.25000   17-Mar-27 0.70   0.931611   100.906602   4,191.03  
3.  SLB406A GB 2.70000   17-Jun-40 13.97   2.442825   103.019754   3,460.42  
4.  LB276A GB 1.00000   17-Jun-27 0.96   0.919278   100.074429   3,373.35  
5.  LB463A GB 3.22000   17-Mar-46 19.72   2.922902   104.423627   3,141.79  
 
 
 
 Market News
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Found 66061 headlines
No. Date/Time Headlines
64111.       16-Feb-06 17:19     ThaiBMA announces the registrar name correction of MEA bonds
64112.       16-Feb-06 13:10     GHB's Bond Auction results (Edited)
64113.       15-Feb-06 15:51     SPL091A and SPL081B will be registered with ThaiBMA on February 16, 2006
64114.       15-Feb-06 13:24     Loan Bond Auction Result
64115.       14-Feb-06 18:54     The first BE, SFA406,  will be registered on Feb 15,2006 (Edited)
64116.       14-Feb-06 18:51     SCBC206, SCBC306, SCBA506 and SCBA406 will be registered with ThaiBMA
64117.       14-Feb-06 11:17     ThaiBMA  announces the correction of HCT bond's distribution type
64118.       14-Feb-06 11:12     BoT Auction Result
64119.       10-Feb-06 16:11     MMth has been assigned the National Long-term rating by Fitch Ratings
64120.       10-Feb-06 16:09     TCA  has been affirmed the company rating and the issue rating by TRIS
64121.       10-Feb-06 16:05     Treasury Bill Auction Result
64122.       09-Feb-06 17:13     Hi-Way has been affirmed the company rating and the issue rating by TRIS Rating
64123.       09-Feb-06 17:11     Eternal 3 has been assigned the National rating by Fitch Ratings
64124.       09-Feb-06 14:34     GHB's bonds Auction Result
64125.       08-Feb-06 16:09     ThaiBev has been assigned the new issue ratings by TRIS Rating
 
 
Disclamer