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Close of March 18, 2024 |
Change From | |||
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Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 2.132 | 0.0 | ▼ 0.1 | ▼ 20.0 |
5 Year | 2.242 | ▲ 0.9 | ▲ 4.9 | ▼ 22.5 |
10 Year | 2.527 | ▲ 0.4 | ▲ 5.1 | ▼ 14.9 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
THB per USD | 35.987 | ▼ 0.2 | ▼ 1.6 | ▼ 5.1 |
THB per JPY | 0.241 | ▼ 0.2 | ▼ 0.1 | ▲ 0.7 |
* 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 (7-Feb-2024) |
Previous Rate (29-Nov-2023) |
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 | |
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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Thailand’s local currency (LCY) government bond yields rose for all tenors between 1 September and 10 November. This was due to the Bank of Thailand’s (BOT) continued monetary policy tightening to ward off inflation. The BOT has raised its policy rate by a total of 175 basis points over seven consecutive meetings between August 2022 and August 2023. At the 27 September monetary policy meeting, the BOT again raised its benchmark rate by 25 basis points to 2.50% to guard against inflationary pressures from the new government’s stimulus programs.
Thailand’s LCY bond market posted steady growth in the third quarter (Q3) of 2023, reaching a size of THB16.6 trillion at the end of September. Thailand’s outstanding LCY bonds registered 1.9% quarter-on-quarter growth in Q3 2023, roughly unchanged from the previous quarter. LCY bond issuance in Q3 2023 tallied THB2.2 trillion, down 10.0% from the prior quarter. Issuance of government bonds declined as the government had previously frontloaded borrowing during preceding quarters, while corporate debt sales dropped due in part to tighter BOT regulations of bond rollovers.
On 13 September, Thailand’s new cabinet approved a plan for a budget of THB3.48 trillion for fiscal year 2024, up 9.0% from the previous fiscal year’s budget of THB3.19 trillion. The higher budget is intended to accommodate the new government’s stimulus programs, which include a digital cash handout worth THB500 billion, to boost economic growth. The government also announced that it would borrow about THB2.4 trillion for fiscal year 2024, which is 9.0% higher than the previous fiscal year’s borrowing plan. The government plans to issue bonds worth THB1.25 trillion for fiscal year 2024.
Title | Source | Date |
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Debt Securities Auction Results (Latest Auction Date: 7 March 2024) | Bank of Thailand | 2024-03-07 |
Title | Source | Date |