Welcome! AsianBondsOnline is a one-stop source of information on bond markets in emerging East Asia.


Market Watch
Close of
September 12, 2019
Change From
Govt. Bond Yields Latest Yield Previous Day Previous Week YTD
2 Year 1.380 1.1 ▲ 2.6 37.0
5 Year 1.409 2.0 ▲ 5.8 72.9
10 Year 1.594 0.9 ▲ 11.7 88.9

* Government bond yield changes are expressed in basis points.

More details

Currencies Latest Rate Previous Day Previous Week YTD
THB per USD 30.470 ▲ 0.4 ▲ 0.7 ▲ 5.7
THB per JPY 0.282 ▲ 0.6 ▲ 1.7 ▲ 4.4

* Exchange rate changes are expressed as a percentage change.

More details

Interest Rates Latest Rate Previous Day Previous Week YTD
1D BIBOR 1.500     0.0     0.0 25.0
3M BIBOR 1.622 0.0 0.1 24.2

* Interest rate changes are expressed in basis point change.

More details

Policy Rates
Change From
Policy Rates Latest Rate
Previous Rate
1-day Repurchase Rate 1.750     0.0     0.0

* Policy rate changes are expressed in basis point change.

More details

Sovereign Ratings
Agency Rating Outlook Date
Regional Rating Institutions
R&I BBB+ stable 2017-10-24
RAM BBB1 stable 2019-06-07
Non-Regional Rating Institutions
Fitch BBB+ stable 2018-06-07
S&P BBB+ stable 2017-12-15

More details

  • Size of LCY Bond Market
  • Size of LCY Bond Market in % of GDP
  • Monthly Bonds Outstanding in USD
  • FCY Bonds Outstanding
  • Breakdown of LCY Bond Market Issuance
  • G3 Currency Bond Issuance
  • Government Securities Maturity Profile - LCY
  • Corporate Securities Maturity Profile - LCY
  • Investor Profile - Government Bonds
  • Foreign Holdings in LCY Government Bonds
  • Trading Volume
  • Bonds Turnover Ratio
  • Interest Rate Spread - 2yrs vs 10yrs - LCY Bond
  • Yield Volatility - 10yr LCY Bonds
  • iBoxx ABF Index Family
  • Bid-Ask Spreads (Survey data)
  • Government Bond Market Structural Issues
  • Corporate Bond Market Structural Issues

ASEAN+3 Bond Market Guide

ASEAN+3 Bond Market Guide 2016: Thailand

ASEAN+3 Bond Market Guide is a comprehensive explanation of the regionís 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.

Download Report

* Download previous issues PDF
2019 Jun Mar
2018 Nov Sep Jun Mar
2017 Nov Sep Jun Mar
2016 Nov Sep Jun Mar
2015 Nov Sep Jun Mar
2014 Nov Sep Jun Mar
2013 Nov Sep Jun Mar
2012 Nov Sep Apr
2011 Nov Sep Mar
2010 Nov Oct Jul Mar
2009 Nov Sep

Market Summary

Yield Movements

Between 1 March and 8 May, the local currency (LCY) government bond yields in Thailand rose slightly for tenors with maturities of up to 2 years, and dropped marginally for most tenors with maturities of at least 3 years. The marginal downward shift of the yield curve resulted from expectations that the policy rate would be kept at its current level of 1.75%. In its monetary policy meeting on 20 March, the Bank of Thailand (BOT) decided to keep its policy rate unchanged as the economy expanded at a slower pace in the first quarter (Q1) of 2019 amid weakening external demand.

Size and Composition

Thailand's LCY bond market rose 1.6% quarter-on-quarter (q-o-q) in Q1 2019 to THB12,649 billion (USD399 billion) from THB12,445 billion (USD382 billion) in the fourth quarter of 2018. On a year-on-year basis, the LCY bond market expanded 10.9%. Growth was buoyed by expansions in both the government and corporate sectors. The outstanding stock of LCY government bonds rose 1.4% q-o-q to THB9,111 billion, while the outstanding stock of LCY corporate bonds grew 2.3% q-o-q to THB3,538 in Q1 2019. The Thai bond market largely comprises government bonds, which accounted for 72% of total bonds outstanding at the end of Q1 2019.

Policy, Institutional and Regulatory Developments

The BOT and Bank Indonesia signed a memorandum of understanding on 4 April to strengthen payment systems and financial innovation cooperation between Thailand and Indonesia. The agreement also aims to improve the implementation of central bank policies and address the increasingly complex challenges in payments between the two economies. It will also reinforce the implementation of policies against money laundering and terrorism financing.

Refine Search

AsianBondsOnline 2019 © Asian Development Bank. All Rights Reserved. Reproduction in whole or in part without permission is prohibited.
ADB Headquarters: 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines.