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 65318 headlines
No. Date/Time Headlines
27946.       08-Jun-17 13:44     BE  of  LHBANK to be registered on June 08, 2017
27947.       08-Jun-17 13:44     BE  of  LHBANK to be registered on June 08, 2017
27948.       08-Jun-17 13:44     BE  of  LHBANK to be registered on June 08, 2017
27949.       08-Jun-17 13:44     BE  of  MK to be registered on June 08, 2017
27950.       08-Jun-17 13:44     BE  of  MTLS to be registered on June 08, 2017
27951.       08-Jun-17 13:43     BE  of  LALIN to be registered on June 08, 2017
27952.       08-Jun-17 13:39     BE  of  GUNKUL to be registered on June 08, 2017
27953.       08-Jun-17 13:39     BE  of  KCAR to be registered on June 08, 2017
27954.       08-Jun-17 13:38     BE  of  BTSG to be registered on June 08, 2017
27955.       08-Jun-17 13:37     BE  of  BANPU to be registered on June 08, 2017
27956.       08-Jun-17 08:40     TRIS Rating downgrades the company rating of Energy Earth PLC (EARTH) to
ā€œDā€.
27957.       07-Jun-17 14:22     EB246A is registered with ThaiBMA on June 7, 2017
27958.       07-Jun-17 12:42     Loan Bonds Auction Results: LB446A
27959.       07-Jun-17 09:20     BE  of  MTLS to be registered on June 07, 2017
27960.       06-Jun-17 13:44     GUNKUL has been changed the coupon payment
 
 
Disclamer