2023-07-03 03:43:17
The Thai Bond Market Association (ThaiBMA) Weekly summary of bond market conditions (June 26 – 30, 2023) Bond trading volume totaled 282,916 million baht, or an average of regarding 56,583 million baht per day, a decrease from the previous week. Approximately 16%. However, when separated by type of instrument, it was found that more than 51% of the total trading value, or regarding 143,916 million baht, was traded in issued bonds. by the Bank of Thailand (state Agency Bond), which are mostly instruments with a relatively short maturity (less than 6 months), while government bonds issued The Ministry of Finance (Government Bonds) had a trading value of 87,106 million baht and corporate bonds had a trading value of 13,992 million baht, representing 31% and 5% of the total trading value. respectively for government bonds The top 3 with the highest trading volume are the LB286A (5.0 year old), LB436A (20.0 year old) and LB246A (1.0 year old), with trading values of each model equal to 19,855 million baht, 10,329 million baht and 9,914 million baht. respectively, while corporate bonds The top 3 with the highest trading volume are the debentures of Sansiri Public Company Limited, model SIRI25DB (BBB+), with a trading value of 1,000 million baht. Asia Sermkij Leasing Public Company Limited, model ASK256A (A(tha)), trading value 940 million baht and CP All Public Company Limited debentures, model CPALL23OB (A+), trading value 917 million baht. Government bond yields moved in a narrow range of regarding 1-2 bps. Regarding external factors, Federal Reserve Chairman Jerome Powell signaled two more rate hikes to 5.50-5.75% at the meeting. Federal Reserve July and Sep. This year, to curb inflation and reduce labor market heat. On domestic factors, the World Bank has revised its forecast for Thai economic growth (GDP) in 2023 to 3.9% from the previous 3.6% forecast in April due to the overall recovery in tourism. to strong demand from China Last week (June 26 – 30, 2023), foreign investment flows out of the Thai bond market totaled 2,694 million baht, with net sales in Short-term debt instruments (ST) (with maturity less than 1 year) 7,385 million baht and long-term debt instruments (LT) (more than 1 year) 5,961 million baht and debt instruments held by foreign investors. Expiry 1,270 million baht Note: Credit rating refers to the credit rating of a specific bond series or the credit rating of the bond issuer. Corporate Bond Gross Price Index changed to MTM Corp Bond Gross Price Index since Jan. 2022. Movement in Thai bond market this week, previous week, change, accumulated since the beginning of the year (26 – 30 Jun. 23) (19 – 23 Jun. 23) (%) (1 Jan. – 30 Jun. 23) Normal trading value – Outright Trading (million baht) 282,916.03 335,555.68 -15.69% 8,273,878.65 Average Daily Trading Value (million baht) 56,583.21 67,111.14 -15.69% 68,379.16 Government Bond Gross Price index 103.4 103.49 -0.09% MTM Corp Bond Gross Price Index 106.01 105.93 0.08 % result rate line Government Bond Yield Curve –% Bond maturity 1 month 6 months 1 year 3 years 5 years 10 years 15 years 30 years this week (30 June ’23) 1.76 2 2.04 2.19 2.32 2.58 2.88 3.34 the previous week (23 June 2023) 1.75 2 2.04 2.18 2.34 2.6 2.88 3.34 change (basis point) 1 0 0 1 -2 -2 0 0
By Wiphada Phakphonchawan
1688356748
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