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Close of June 27, 2022 |
Change From | |||
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Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 1.840 | 0.0 | ▲ 0.5 | ▲ 120.4 |
5 Year | 2.464 | ▲ 1.1 | ▼ 9.6 | ▲ 112.0 |
10 Year | 2.846 | ▲ 1.3 | ▼ 8.0 | ▲ 95.2 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
THB per USD | 35.387 | ▲ 0.3 | ▼ 0.1 | ▼ 6.6 |
THB per JPY | 0.261 | ▲ 0.4 | ▲ 0.2 | ▲ 9.5 |
* Exchange rate changes are expressed as a percentage change. |
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Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
1D BIBOR | 0.500 | ▼ 0.2 | ▼ 0.0 | ▲ 0.0 |
3M BIBOR | 0.722 | ▲ 0.3 | ▲ 2.9 | ▲ 9.9 |
* Interest rate changes are expressed in basis point change. |
Change From | ||||
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Policy Rates | Latest Rate (8-Jun-2022) |
Previous Rate (30-Mar-2022) |
YTD Rate |
|
1-day Repurchase Rate | 0.500 | 0.0 | 0.0 | |
* Policy rate changes are expressed in basis point change. |
Agency | Rating | Outlook | Date | |
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Regional Rating Institutions | ||||
R&I | A- | stable | 2021-03-11 | |
RAM | BBB1 | stable | 2019-06-07 | |
Non-Regional Rating Institutions | ||||
Fitch | BBB+ | stable | 2022-06-21 | |
S&P | BBB+ | stable | 2021-09-20 | |
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides various information such as the history, legal and regulatory framework, speciic characteristics of the market, trading and transaction including settlement systems, and other relevant information. Bond Market Guide 2016 for Thailand is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Thailand. The report should be recognized as a collective good to support bond market development among ASEAN+3 members. View Report
Implementation Guidelines for Thailand
August 2015
The ASEAN+3 Multi-Currency Bond Issuance Framework (AMBIF) Implementation Guidelines for Thailand are provided to review the AMBIF Elements and detail the corresponding features of Thailand market in relation to each element.
Download Report
* Download previous issues PDF | ||||
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Between 28 February and 15 May, Thailand’s local currency (LCY) government bond yield curve steepened, with yields soaring an average of 96 basis points (bps). Apart from the 4-year tenor, whose yield was unchanged, all other tenors saw a jump in yields. The spread between the 2-year and 10-year yields narrowed from 155 bps on 28 February to 130 bps on 15 May. Thai LCY government bond yields rose in tandem with other regional government bond yields in response to global inflationary pressure and monetary policy tightening by the United States Federal Reserve.
Thailand’s LCY bond market continued to expand, reaching a size of THB14,998.4 billion (USD450.7 billion) at the end of March. Overall growth rose to 1.8% quarter-on-quarter in the first quarter of 2022 from 1.1% quarter-on-quarter in the fourth quarter of 2021, driven by stronger growth in both the government and corporate bond segments. Annual growth also accelerated, rising to 8.4% year-on-year in the first quarter of 2022 from 5.8% year-on-year in the previous quarter. Government bonds continued to dominate Thailand’s LCY bond market, comprising 72.9% of the total bond stock at the end of March.
On 12 April, the Government of Thailand approved new borrowing of THB1.40 trillion for fiscal year 2022, up from the previously planned amount of THB1.36 trillion. The new borrowing plan is projected to raise public debt to 62.8% of the gross domestic product at the end of the fiscal year, which is still below the government’s 70.0% limit.
Title | Source | Date |
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Debt Securities Auction Results: Auction Date: 16 June 2022 | Bank of Thailand | 2022-06-16 |
Title | Source | Date |