Thai Bond Market Association Releases Daily Market Summary
In the latest update from the Thai Bond Market Association (ThaiBMA), the conditions of the Thai bond market are outlined. On the trading front, the total trading value recorded for the day reached an impressive 101,270 million baht. Leading the way in terms of trading volumes were asset management companies (AMC) with a net purchase of 56,955 million baht, followed by insurance companies with a net purchase of 3,366 million baht. Foreign investors also made a significant contribution, buying a net total of 712 million baht. Additionally, 5-year bonds closed at 2.4%, marking a slight increase of +0.01% from the previous day.
Market Overview
The yield curve saw an increase of approximately 2-8 basis points compared to the previous day. Foreign investors recorded a net inflow of 707 million baht and a net buying value of 707 million baht. It is worth noting that no debt securities held by foreign investors had expired during this period. In terms of global developments, the US Commerce Department reported that the headline Personal Consumption Expenditure (PCE) price index, which includes food and energy, rose by 3.0% in June compared to the same period last year. However, this was a slowdown from the 3.8% increase recorded in May. Meanwhile, the European Central Bank (ECB) made the decision to raise interest rates by 0.25%, in line with market expectations. On the other hand, the Bank of Japan (BOJ) has decided to maintain its interest rates at their current low levels. However, adjustments were made to the yield curve control (YCC) policy to enhance flexibility. In terms of the domestic stock market, the Stock Exchange of Thailand (SET) experienced net purchases by foreign investors amounting to 217 million baht.
Summary of Bond Trading Conditions
The Thai bond market recorded a trading value of 101,270.08 million baht on July 31, 2023. The 3-month government bond yield stood at 1.92%, representing an increase of 0.03% from the previous day. Similarly, the 1-year government bond yield rose by 0.08% to reach 2.12%. The 5-year government bond yield closed at 2.40%, aligning with the trade-out value. In terms of the types of bonds traded, treasury bills witnessed a significant decrease in trading value, dropping by 98%. Meanwhile, government bonds experienced a 28% decline, and state enterprise bonds recorded a slight increase of 42%. It is important to note that foreign bonds had no trading value on the previous day, rendering any change irrelevant.
Overall, these market conditions provide valuable insights into the performance and trends within the Thai bond market. Investors and industry experts will continue to monitor these developments closely to inform their decision-making and strategies moving forward.
The Thai Bond Market Association (ThaiBMA) summarizes today’s Thai bond market conditions. The total trading value for the day was 101,270 million baht. The 2 highest trading volumes were 1. Asset management companies (AMC) with a net purchase of 56,955 million baht, 2. Insurance companies with a net purchase of 3,366 million baht, while foreign investors bought a net of 712 million baht. 5-year bonds closed at 2.4%, up +0.01% from yesterday.
Today’s Market Overview
Yield Curve increased from previous day by about 2-8 bps. of foreign investors today NET INFLOW 707 million baht of NET BUYING 707 million baht and no debt securities held by foreign investors have expired (Expired). US Commerce Department The headline Personal Consumption Expenditure (PCE) price index, which includes food and energy, rose 3.0% in June (YoY), slowing from 3.8% in May The European Central Bank (ECB) has decided to raise interest rates by 0.25% in line with market expectations. Despite the outcome of the meeting, the Bank of Japan (BOJ) announced to maintain interest rates. at the lowest level However, the yield curve control (YCC) policy has been modified to be more flexible. The Stock Exchange of Thailand (SET) has net purchases by foreign investors of 217 million baht.
Summary of Bond Trading Conditions
Thai bond market 31-07-2023 % Change in Trading Value 101,270.08 million baht 3 month government bond yield 1.92 % +0.03 % 1 year government bond yield 2.12 % +0.08 % 5 year government bond yield 2.40 % Trade out – 2.40 % value (segregated by type of instrument) Type of instrument Million baht % Change Treasury bills 381.20 -98 % Government bonds 10,705.21 -28 % Government promissory notes 0.00 n/a BOT Bonds 88,985.63 + 178 % State enterprise bonds 0.07 / n State enterprise bonds 0.04 n + 42 % Foreign bonds 0.00 n/a Note: irrelevant is invalid because there was no trading value on the previous day.
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