23 September 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 78% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields increased by 0 to 11 bp.Govt clean price index ended lower by -11 bp and corp index (BBB up) closed lower by -5 bp.The most active issue was CB25D25A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,673,732.25   -0.02  
 Number of issues 2,819  
 Total Trading Value 1,425,222.70   13.37  
   Outright/Cash Trading 141,140.17   123.42  
   Financing 1,280,701.05   7.26  
   Others 3,381.48   n.a.  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 809,209,020.69  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 115.76 -0.11 116.52 -0.11 372.56 -0.34 1.75   9.56   185.84  
    Group 1 ( 1 < TTM <=3 ) 72.11 -0.01 72.49 -0.01 229.41 -0.03 1.12   1.96   5.13  
    Group 2 ( 3 < TTM <= 7 ) 109.79 -0.08 110.46 -0.07 339.83 -0.22 1.17   4.46   24.29  
    Group 3 ( 7 < TTM <= 10 ) 147.34 -0.23 148.14 -0.22 473.05 -0.7 1.32   7.77   68.94  
    Group 4 ( 10 < TTM ) 203.13 -0.28 204.57 -0.26 665.73 -0.86 1.89   15.70   361.75  
    Group 5 (<= 10) 91.54 -0.06 92.08 -0.05 287.52 -0.16 1.21   3.91   23.68  
SOE (G) Bond Index 105.77 -0.11 106.33 -0.12 202.86 -0.19 1.42   4.51   35.13  
SOE (NG) Bond Index 114.28 -0.14 115.03 -0.15 234.32 -0.27 1.95   5.96   56.67  
Corporate Bond Index (BBB up) 108.99 -0.05 109.66 -0.06 233.41 -0.09 2.44   2.97   16.49  
Corporate Bond Index (BBB+ up) 109.41 -0.05 110.08 -0.06 233.41 -0.09 2.38   3.02   16.96  
 
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.  CB25D25A SA 0.00000   25-Dec-25 0.25   1.218861   99.697300   70,179.92  
2.  CB26402A SA 0.00000   02-Apr-26 0.52   1.186331   99.387750   8,503.62  
3.  CBF25D29A SA 1.62247   29-Dec-25 0.27   1.530145   100.007536   3,413.80  
4.  CB25O02A SA 0.00000   02-Oct-25 0.02   1.190164   99.976777   2,975.31  
5.  CBF26223A SA 1.55296   23-Feb-26 0.42   1.522102   100.015282   2,964.21  
 
 
 
 Market News
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Found 64479 headlines
No. Date/Time Headlines
40831.       17-Nov-14 10:49     S-T debentures of ICBCTL to be registered on November 17, 2014
40832.       17-Nov-14 10:46     BE of THANI to be registered on November 17, 2014
40833.       17-Nov-14 10:22     Treasury Bill Auction Results
40834.       14-Nov-14 14:49     Fitch Affirms Asia Plus Securities at ‘A-(tha)’; Outlook Stable
40835.       14-Nov-14 14:38     S-T debentures  of  BAY to be registered on November 14, 2014
40836.       14-Nov-14 13:34     S-T debentures  of  TBANK to be registered on November 14, 2014
40837.       14-Nov-14 13:33     BE  of  SC to be registered on November 14, 2014
40838.       14-Nov-14 13:33     BE  of  TICON to be registered on November 14, 2014
40839.       14-Nov-14 13:33     S-T debentures  of  CIMBT to be registered on November 14, 2014
40840.       14-Nov-14 13:33     S-T debentures  of  SAMTEL to be registered on November 14, 2014
40841.       14-Nov-14 13:32     BE  of  ASK to be registered on November 14, 2014
40842.       14-Nov-14 13:32     BE  of  FNS to be registered on November 14, 2014
40843.       14-Nov-14 11:00     MBKET16NA is registered with ThaiBMA on November 14, 2014
40844.       14-Nov-14 10:20     BoT Bond Auction Results
40845.       14-Nov-14 10:07     SCB announces the fixed deposit rates.
 
 
Disclamer