25 December 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 11%.SA gained the major portion or by 72% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -3 to 4 bp.Govt clean price index ended lower by -2 bp while corp index (BBB up) closed higher by 4 bp.The most active issue was CBF26629A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,863,194.13   0.00  
 Number of issues 2,770  
 Total Trading Value 1,257,402.58   -11.16  
   Outright/Cash Trading 61,688.29   -23.99  
   Financing 1,195,499.83   -10.3  
   Others 214.46   -84.34  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 756,212,080.49  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 112.08 -0.02 112.28 -0.06 363.18 -0.03 2.06   9.18   172.68  
    Group 1 ( 1 < TTM <=3 ) 71.90 0.02 72.09 0.02 230.02 0.07 1.15   1.96   5.18  
    Group 2 ( 3 < TTM <= 7 ) 108.81 0.05 109.01 -0.18 339.04 0.18 1.29   4.35   22.93  
    Group 3 ( 7 < TTM <= 10 ) 143.94 0.24 144.20 0.25 465.12 0.81 1.60   7.91   71.24  
    Group 4 ( 10 < TTM ) 191.54 -0.21 191.80 -0.19 632.46 -0.63 2.27   15.61   356.66  
    Group 5 (<= 10) 90.73 0.05 90.93 -0.02 286.79 0.19 1.40   4.04   25.57  
SOE (G) Bond Index 104.61 0.06 105.10 0.06 201.73 0.12 1.64   4.38   34.02  
SOE (NG) Bond Index 112.30 0.09 113.02 0.08 231.87 0.2 2.20   5.85   53.61  
Corporate Bond Index (BBB up) 108.60 0.04 109.25 0.04 234.57 0.1 2.50   2.98   16.37  
Corporate Bond Index (BBB+ up) 109.01 0.04 109.67 0.04 234.52 0.11 2.45   3.03   16.90  
 
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.  CBF26629A SA 1.29943   29-Jun-26 0.50   1.221845   100.040417   16,107.66  
2.  CB26702A SA 0.00000   02-Jul-26 0.52   1.070000   99.451897   8,704.03  
3.  CB26108B SA 0.00000   08-Jan-26 0.04   1.019548   99.963796   2,101.24  
4.  CBF26323A SA 1.42719   23-Mar-26 0.24   1.182982   100.027711   2,043.91  
5.  CBF26216A SA 1.71747   16-Feb-26 0.15   1.182168   100.017626   1,846.00  
 
 
 
 Market News
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Found 65295 headlines
No. Date/Time Headlines
8131.       21-Dec-23 10:31     Bank of Thailand Bond Auction Results: BOTF256A
8132.       21-Dec-23 10:26     Notice of partial buy back: THB 42.00 million of CGD213A on December 20, 2023.
8133.       21-Dec-23 08:50     NUSA แจ้งข่าวต่อ SET เรื่อง ขอชี้แจงข่าวกรรมการบริษัทบางรายถูกฟ้องร้องกรณีขายทรัพย์สินของบริษัทฯ
8134.       21-Dec-23 08:40     SET ขอให้ผู้ลงทุนศึกษาข้อมูลงบการเงิน NUSA และติดตามคำชี้แจงของบริษัท
8135.       20-Dec-23 13:40     Notice of partial buy back: THB 945.00 million of CPF418A on December 19, 2023.
8136.       20-Dec-23 10:44     Loan Bond Auction Results: LB273A, LB436A
8137.       20-Dec-23 10:18     TRIS RATING AFFIRMS ISSUER RATING ON “DREIT” AT “BBB-” WITH “STABLE” OUTLOOK
8138.       19-Dec-23 10:37     Central Bank Bill Auction Results: CB24321A
8139.       18-Dec-23 15:27     TRIS RATING AFFIRMS COMPANY RATING ON “TSFC” AT “BBB” WITH “STABLE” OUTLOOK
8140.       18-Dec-23 11:38     YUANTA informs the partial redemption of YUANTA23D28C on December 18, 2023.
8141.       18-Dec-23 11:30     YUANTA informs the partial redemption of YUANTA23D28A on December 18, 2023.
8142.       18-Dec-23 10:10     Treasury Bill Auction Results: TB24619A
8143.       15-Dec-23 10:37     TRIS RATING DOWNGRADES COMPANY RATING ON “ITD” TO “BB+” FROM “BBB-” AND SENIOR UNSECURED DEBT RATING TO “BB” FROM “BBB-”, WITH “NEGATIVE” OUTLOOK
8144.       15-Dec-23 10:37     TRIS RATING DOWNGRADES COMPANY RATING ON “ITD” TO “BB+” FROM “BBB-” AND SENIOR UNSECURED DEBT RATING TO “BB” FROM “BBB-”, WITH “NEGATIVE” OUTLOOK
8145.       15-Dec-23 10:37     TRIS RATING DOWNGRADES COMPANY RATING ON “ITD” TO “BB+” FROM “BBB-” AND SENIOR UNSECURED DEBT RATING TO “BB” FROM “BBB-”, WITH “NEGATIVE” OUTLOOK
 
 
Disclamer