26 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 increased by 5%.SA gained the major portion or by 38% of total outright trading value , following by T-Bill and Govt bonds,respectively.Govt bonds yields fluctuated within a range of -1 to 5 bp.Govt clean price index ended higher by 2 bp while corp index (BBB up) closed lower by -1 bp.The most active issue was TB26701A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,882,719.13   0.11  
 Number of issues 2,767  
 Total Trading Value 1,317,958.88   4.82  
   Outright/Cash Trading 44,581.93   -27.73  
   Financing 1,272,531.30   6.44  
   Others 845.65   294.32  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 760,117,368.08  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 112.10 0.02 112.32 0.03 363.28 0.1 2.06   9.20   173.67  
    Group 1 ( 1 < TTM <=3 ) 71.89 0.00 72.09 0.00 230.03 0.01 1.15   1.96   5.17  
    Group 2 ( 3 < TTM <= 7 ) 108.81 -0.01 109.01 0.00 339.04 0.00 1.30   4.34   22.90  
    Group 3 ( 7 < TTM <= 10 ) 143.91 -0.03 144.17 -0.03 465.04 -0.08 1.61   7.91   71.19  
    Group 4 ( 10 < TTM ) 191.65 0.12 191.93 0.13 632.89 0.43 2.27   15.62   357.66  
    Group 5 (<= 10) 90.72 -0.01 90.93 0.00 286.78 -0.01 1.40   4.04   25.54  
SOE (G) Bond Index 104.60 -0.01 105.09 -0.01 201.72 -0.01 1.65   4.38   33.99  
SOE (NG) Bond Index 112.29 -0.02 112.99 -0.03 231.86 -0.02 2.20   5.84   53.58  
Corporate Bond Index (BBB up) 108.59 -0.01 109.26 0.00 234.57 0.00 2.50   2.97   16.35  
Corporate Bond Index (BBB+ up) 109.00 -0.01 109.67 0.00 234.52 0.00 2.45   3.03   16.88  
 
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.  TB26701A TB 0.00000   01-Jul-26 0.50   1.067183   99.467839   12,674.19  
2.  CB26326A SA 0.00000   26-Mar-26 0.25   1.020412   99.756695   2,627.59  
3.  CPF26922A CP 0.00000   22-Sep-26 0.74   1.520000   98.888118   1,977.76  
4.  CB26618A SA 0.00000   18-Jun-26 0.48   1.064697   99.505334   1,792.09  
5.  CB26702A SA 0.00000   02-Jul-26 0.52   1.067832   99.462374   1,518.79  
 
 
 
 Market News
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Found 65320 headlines
No. Date/Time Headlines
14806.       17-Sep-20 11:26     Notice of buy back: THB 10.00 million of PHUKET208A on August 17, 2020.
14807.       17-Sep-20 10:52     TRIS RATING AFFIRMS COMPANY RATING ON “OISHI” AT “A+” WITH “STABLE” OUTLOOK
14808.       17-Sep-20 09:00     YUANTA informs to partially redeem YUANTA20930A on September 17, 2020.
14809.       17-Sep-20 08:53     Notification of the progress of the Business Rehabilitation Case
14810.       16-Sep-20 11:41     Loan Bond Auction Results: LB29DA, LB676A
14811.       16-Sep-20 10:30     MPSC has announced the coupon payment change on MPSC20D08A.
14812.       16-Sep-20 09:00     YUANTA informs to redeem YUANTA20930C on September 16, 2020.
14813.       16-Sep-20 08:31     ROJNA has announced the bondholder representative change on ROJNA226A.
14814.       15-Sep-20 10:02     Central Bank Bill Auction Results: CB20D17B, CB21318A
14815.       14-Sep-20 16:23     TRIS RATING ASSIGNS COMPANY RATING TO “NER” AT “BB+” WITH “STABLE” OUTLOOK
14816.       14-Sep-20 16:00     ศาลล้มละลายกลางมีคำสั่งให้บริษัท การบินไทย จำกัด (มหาชน) ดำเนินการฟื้นฟูกิจการและตั้งคณะผู้ทำแผน
14817.       14-Sep-20 10:27     Treasury Bill Auction Results: TB21317A
14818.       11-Sep-20 14:17     TRIS RATING CANCELS COMPANY RATING ON “QTC”
14819.       11-Sep-20 11:08     TRIS RATING ASSIGNS “A” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB1 BILLION OF “NN2PC”, WITH “S
14820.       11-Sep-20 10:16     JCK INTERNATIONAL PUBLIC COMPANY LIMITED has announced to restructured on JCK209A.
 
 
Disclamer