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Close of June 27, 2024 |
Change From | |||
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Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 2.346 | ▲ 0.2 | ▼ 1.2 | ▲ 1.4 |
5 Year | 2.477 | ▲ 1.9 | ▼ 0.6 | ▲ 1.0 |
10 Year | 2.698 | ▲ 0.7 | ▼ 3.2 | ▲ 2.2 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
THB per USD | 36.832 | ▲ 0.3 | ▼ 0.3 | ▼ 7.5 |
THB per JPY | 0.229 | ▲ 0.3 | ▲ 0.9 | ▲ 5.7 |
* Exchange rate changes are expressed as a percentage change. |
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Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
1D BIBOR | 2.501 | 0.0 | 0.0 | ▼ 0.0 |
* Interest rate changes are expressed in basis point change. |
Change From | ||||
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Policy Rates | Latest Rate (12-Jun-2024) |
Previous Rate (10-Apr-2024) |
YTD Rate |
|
1-day Repurchase Rate | 2.500 | 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 | 2023-12-21 | |
RAM | BBB1 | stable | 2019-06-07 | |
Non-Regional Rating Institutions | ||||
Fitch | BBB+ | stable | 2023-11-13 | |
S&P | BBB+ | stable | 2023-11-28 | |
NEWS HIGHLIGHTS
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BOND ISSUANCES
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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Local currency (LCY) government bond yields in Thailand rose for all maturities between 1 March and 31 May as both the United States Federal Reserve and the Bank of Thailand (BOT) maintained tight monetary policies. Despite political pressure to lower rates, the BOT kept its policy rate at 2.50% at its 10 April meeting, noting that monetary policy will have limited impact on structural issues affecting the economy. The BOT again held its policy rate unchanged in its 12 June meeting.
Thailand's LCY bond market rebounded with a growth of 2.8% quarter-on-quarter (q-o-q) growth in the first quarter (Q1) of 2024 and totaled THB16.9 trillion at the end of March. Growth was supported by a 3.9% q-o-q rise in Treasury and other government bonds and a 5.7% q-o-q expansion in BOT bonds. Meanwhile, corporate bonds contracted 0.9% q-o-q as issuance continued to contract amid elevated borrowing rates. New issuance of LCY bonds posted robust growth of 12.2% q-o-q, tallying THB2.2 trillion in Q1 2024. Treasury and other government bonds issuance jumped 33.9% q-o-q to THB654.0 billion on increased government borrowing to help finance the budget deficit.
The sustainable bond market in Thailand primarily comprised sustainability bonds issued by the government, generally have long-term maturities, and are denominated in Thai baht. The market totaled USD19.4 billion at the end of March after contracting 1.9% q-o-q due to a slowdown in issuance. Issuance tallied USD0.9 billion in Q1 2024, down 33.9% q-o-q amid high interest rates.
Title | Source | Date |
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Debt Securities Auction Results (Latest Auction Date: 27 June 2024) | Bank of Thailand | 2024-06-27 |
Title | Source | Date |