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
30466.       08-Dec-16 15:25     BE  of  GOLD to be registered on December 08, 2016
30467.       08-Dec-16 15:25     BE  of  KCAR to be registered on December 08, 2016
30468.       08-Dec-16 15:24     BE  of  CPFTH to be registered on December 08, 2016
30469.       08-Dec-16 15:24     BE  of  CPFTH to be registered on December 08, 2016
30470.       08-Dec-16 15:24     BE  of  CPFTH to be registered on December 08, 2016
30471.       08-Dec-16 15:24     BE  of  GKG to be registered on December 08, 2016
30472.       08-Dec-16 15:24     BE  of  GL to be registered on December 08, 2016
30473.       08-Dec-16 15:23     BE  of  BSL to be registered on December 08, 2016
30474.       08-Dec-16 14:22     BJC206A, BJC21DA, BJC23DA, BJC25DA and BJC26DA are  registered with ThaiBMA on December 8, 2016
30475.       08-Dec-16 14:22     BJC206A, BJC21DA, BJC23DA, BJC25DA and BJC26DA are  registered with ThaiBMA on December 8, 2016
30476.       08-Dec-16 14:22     BJC206A, BJC21DA, BJC23DA, BJC25DA and BJC26DA are  registered with ThaiBMA on December 8, 2016
30477.       08-Dec-16 14:22     BJC206A, BJC21DA, BJC23DA, BJC25DA and BJC26DA are  registered with ThaiBMA on December 8, 2016
30478.       08-Dec-16 14:22     BJC206A, BJC21DA, BJC23DA, BJC25DA and BJC26DA are  registered with ThaiBMA on December 8, 2016
30479.       08-Dec-16 14:21     ECF185A is registered with ThaiBMA on December 8, 2016
30480.       08-Dec-16 14:20     VTE185A is registered with ThaiBMA on December 8, 2016
 
 
Disclamer