30 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 13%.SA gained the major portion or by 81% of total outright trading value , following by Govt and CP bonds,respectively.Govt bonds yields fluctuated within a range of -5 to 3 bp.Govt clean price index ended higher by 23 bp and corp index (BBB up) closed higher by 9 bp.The most active issue was CB26402B.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,878,958.86   -0.03  
 Number of issues 2,765  
 Total Trading Value 1,487,627.90   13.14  
   Outright/Cash Trading 94,389.40   195.33  
   Financing 1,393,051.07   8.66  
   Others 187.43   -80.17  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 761,734,465.60  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 112.33 0.23 112.54 0.24 364.14 0.78 2.03   9.21   173.94  
    Group 1 ( 1 < TTM <=3 ) 71.92 0.03 72.13 0.04 230.17 0.13 1.13   1.95   5.12  
    Group 2 ( 3 < TTM <= 7 ) 108.92 0.09 109.15 0.1 339.48 0.31 1.27   4.34   22.81  
    Group 3 ( 7 < TTM <= 10 ) 144.53 0.45 144.83 0.46 467.15 1.48 1.55   7.90   71.07  
    Group 4 ( 10 < TTM ) 192.21 0.63 192.41 0.64 634.93 2.11 2.25   15.64   358.19  
    Group 5 (<= 10) 90.85 0.1 91.08 0.11 287.26 0.35 1.36   4.03   25.50  
SOE (G) Bond Index 104.77 0.13 105.27 0.14 202.10 0.27 1.61   4.37   33.98  
SOE (NG) Bond Index 112.55 0.2 113.17 0.21 232.46 0.43 2.16   5.85   53.61  
Corporate Bond Index (BBB up) 108.70 0.09 109.40 0.1 234.88 0.21 2.47   2.97   16.33  
Corporate Bond Index (BBB+ up) 109.11 0.09 109.82 0.1 234.84 0.21 2.41   3.03   16.86  
 
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.  CB26402B SA 0.00000   02-Apr-26 0.24   1.024226   99.759684   62,655.07  
2.  CB26507A SA 0.00000   07-May-26 0.35   1.042508   99.652763   2,970.65  
3.  BSRC26402A CP 0.00000   02-Apr-26 0.25   1.340000   99.659737   2,252.31  
4.  CBF26323A SA 1.42725   23-Mar-26 0.23   1.158563   100.024492   1,994.30  
5.  LB353A GB 2.41000   17-Mar-35 9.22   1.593767   106.962716   1,883.56  
 
 
 
 Market News
< 1341 | 1342 | 1343 | 1344 | 1345 | 1346 | 1347 | 1348 | 1349 | 1350 |   >
Found 65326 headlines
No. Date/Time Headlines
20161.       15-Feb-19 12:40     BE  of MBKET to be registered on February 15, 2019
20162.       15-Feb-19 12:30     BE  of MPSC to be registered on February 15, 2019
20163.       15-Feb-19 12:30     BE  of MPSC to be registered on February 15, 2019
20164.       15-Feb-19 11:20     TRIS RATING ASSIGNS “BBB+/STABLE” RATING TO SENIOR UNSECURED DEBT OF “TRUE”
20165.       15-Feb-19 11:20     TRIS RATING ASSIGNS “BBB+/STABLE” RATING TO SENIOR UNSECURED DEBT OF “TRUE”
20166.       15-Feb-19 10:41     DB of ICBCTL to be registered on February 15, 2019
20167.       15-Feb-19 10:40     BE  of MBKET to be registered on February 15, 2019
20168.       15-Feb-19 10:40     BE  of ORI to be registered on February 15, 2019
20169.       15-Feb-19 10:39     BE  of BSL to be registered on February 15, 2019
20170.       15-Feb-19 10:35     Central Bill Auction Results: CB19305A
20171.       15-Feb-19 10:30     Company name and Abbreviation of TREIT has been changed
20172.       15-Feb-19 10:25     ITD242A has been registered with ThaiBMA on February 15, 2019
20173.       15-Feb-19 09:30     VTN222A has been registered with ThaiBMA on February 15, 2019
20174.       15-Feb-19 08:50     UNIQ222A has been registered with ThaiBMA on February 15, 2019
20175.       15-Feb-19 08:35     FPT213A, FPT222A, FPT242A, and FPT292A has been registered with ThaiBMA on February 15, 2019
 
 
Disclamer