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Close of April 25, 2024 |
Change From | |||
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Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 2.345 | ▲ 0.1 | ▲ 1.3 | ▲ 1.3 |
5 Year | 2.524 | ▲ 1.3 | ▲ 5.0 | ▲ 5.7 |
10 Year | 2.726 | ▲ 0.8 | ▲ 1.8 | ▲ 5.0 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
THB per USD | 37.029 | ▲ 0.1 | ▼ 0.6 | ▼ 8.1 |
THB per JPY | 0.238 | ▲ 0.3 | ▲ 0.0 | ▲ 2.1 |
* Exchange rate changes are expressed as a percentage change. |
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Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
1D BIBOR | 2.500 | ▼ 0.0 | 0.0 | ▼ 0.1 |
* 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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Between 1 December 2023 and 29 February 2024, Thailand’s local currency (LCY) government bond yields fell for all tenors except short-term bonds. This followed the regional trend amid moderating inflation and expectations of lower US interest rates in the second half of 2024. Short-term bond yields increased as interest rates remained elevated. The Bank of Thailand kept its policy rate at a record-high of 2.5% during its 7 February meeting.
Thailand’s LCY bond market contracted 0.5% quarter-on-quarter in the fourth quarter of 2023 to THB16.5 trillion at the end of December. LCY bond issuance fell 11.3% quarter-on-quarter to THB2.0 trillion as bond sales contracted for all bond segments.
On 13 February, the Government of Thailand approved an additional THB560 billion in new borrowing for fiscal year 2024, raising the amount allotted for new borrowing to more than THB754 billion. The public debt management plan was adjusted to THB2.0 trillion, up from THB1.62 trillion, to offset the budget deficit for fiscal year 2024 and manage the Treasury reserve’s liquidity. The adjustment brought the public debt-to-gross-domestic-product ratio to 61.3%, which is within the public debt ceiling of 70.0%.