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
64156.       17-Jan-06 11:44     BoT Bond Auction Results
64157.       17-Jan-06 11:13     SCIB raised the fixed deposit rates and the lending rates
64158.       17-Jan-06 11:01     KTB raises the lending rates
64159.       17-Jan-06 10:03     KTB raises the fixed deposit rate
64160.       16-Jan-06 15:57     TMB will raise the fixed deposit rates on January 17, 2006
64161.       16-Jan-06 15:42     TMB raises the lending rates
64162.       16-Jan-06 15:28     KTB announces the fixed deposit rate
64163.       16-Jan-06 14:09     BAY raises the fixed deposit rates and the lending rates
64164.       16-Jan-06 13:56     KBANK raises the fixed deposit rate and the lending rate
64165.       16-Jan-06 11:59     Treasury Bill Auction Results
64166.       13-Jan-06 18:06     BBL raises the fixed deposit rates and the lending rates
64167.       13-Jan-06 09:37     ETA's Bonds Auction Schedule in January 2006
64168.       13-Jan-06 09:34     TLT has been affirmed the issue ratings by TRIS
64169.       12-Jan-06 14:58     GHB's bonds Auction Result
64170.       12-Jan-06 11:09     BMTA's auction schedule in January 2006
 
 
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