The Thai bond market reached a total outstanding value of 17 trillion baht in the first half of 2024, a 2.7% increase from the end of last year. This includes 494 billion baht in long-term corporate bonds, with 81% being guaranteed bonds. The government bond yield curve remained stable, influenced by the Bank of Thailand's policy interest rate holding steady at two point fifty percent.
The Thai bond market reached a total outstanding value of 17 trillion baht in the first half of 2024, a 2.7% increase from the end of last year, according to the Thai Bond Market Association (ThaiBMA).
This includes 494 billion baht in long-term corporate bonds, with 81% being guaranteed bonds.
The government bond yield curve remained stable, influenced by the Bank of Thailand's policy interest rate holding steady at 2.50%.
While short-term bond yields saw minimal changes, the 10-year bond yield decreased slightly to 2.68%.
The association predicts slight declines in 5-year and 10-year bond yields.
Foreign investors held Thai debt instruments worth 870 billion baht, accounting for 5.1% of the total market value.