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Thai BDC Trading Activities 2001



1. Thai BDC Trading and Outstanding Value 2001





2001

Trading Value

Jan Feb Mar Total (Q1) Apr May June Total (Q2) July August September Total (Q3) October November December Total (Q4)

Government 132,562.05 150,459.13 88,906.72 371,927.91 38,041.72 73,588.01 76,220.34 187,850.07 46,024.97 47,958.11 56,025.76 150,008.84 82,285.71 75,024.10 49,376.07 206,685.88

State enterprise 5,634.17 13,367.67 10,405.88 29,407.72 8,687.03 6,664.08 18,952.68 34,303.78 13,121.33 12,522.03 20,577.48 46,220.84 14,402.91 11,233.61 4,814.01 30,450.53

- Guaranteed 5,233.39 12,819.68 9,918.83 27,971.89 8,655.45 6,236.38 15,049.60 29,941.43 11,246.75 11,602.84 20,182.28 43,031.87 14,102.10 6,687.92 2,135.83 22,925.85

- Non-guaranteed 400.78 547.99 487.06 1,435.82 31.58 427.70 3,903.07 4,362.35 1,874.58 919.19 395.20 3,188.97 300.81 4,545.69 2,678.18 7,524.68

T-Bills 17,087.92 13,393.86 17,443.18 47,924.97 40,445.30 34,395.57 26,790.56 101,631.43 30,286.09 32,363.05 37,580.68 100,229.82 28,115.68 37,177.49 35,757.40 101,050.57

BoT/FIDF/PLMO 8,459.01 22,685.70 6,870.96 38,015.67 10,002.98 9,281.11 6,902.31 26,186.39 4,328.13 4,377.18 5,967.09 14,672.40 6,471.14 5,479.65 2,408.00 14,358.79

Corporate 3,628.48 5,069.35 4,506.38 13,204.21 7,797.39 7,339.11 15,905.05 31,041.55 11,788.36 10,034.35 7,989.80 29,812.51 5,977.35 6,835.99 4,422.12 17,235.46

Total Value 167,371.63 204,975.72 128,133.13 500,480.48 104,974.41 131,267.87 144,770.94 381,013.22 105,548.88 107,254.72 128,140.81 340,944.41 137,252.79 135,750.84 96,777.60 369,781.23

- Monthly Average 166,826.83 127,004.41 113,648.14 123,260.41

- Daily Average 7,970.08 10,788.20 5,824.23 8,072.27 5,831.91 6,563.39 6,893.85 6,457.85 5,026.14 4,875.21 6,407.04 5,411.82 6,238.76 6,170.49 5,314.22 5,964.21

- No. of trading days 21 19 22 62 18 20 21 59 21 22 20 63 22 22 18 62

No. of transaction 5,058 5,193 3,209 13,460 2,463 2,765 3,661 8,889 3,122 3,238 3,609 9,969 5,086 4,360 2,933 12,379

- Monthly Average 4,487 2,963 3,323 4,126

- Daily Average 241 273 146 217 137 138 174 151 149 147 180 158 231 198 163 200

Dealer Participation 30 29 27 34 29 28 31 33 28 27 30 33 31 30 31 33









2. Thai BDC Government Bond Index



2001

Government Bond Index

Jan Feb Mar Q1 (Mar 30) Apr May June Q2 (Jun 29) July August September Q3 (Sep 28) October November December Q4 (Dec 28)

Total return 127.02 128.74 126.68 126.68 127.28 123.80 122.95 122.95 122.71 122.80 125.21 125.21 128.17 130.41 133.37 133.37

Gross price 109.81 111.00 108.57 108.57 108.14 105.12 103.38 103.38 102.84 102.66 104.01 104.01 105.26 107.06 108.59 108.59

Clean price 109.68 110.67 108.31 108.31 108.25 104.69 103.43 103.43 102.62 102.13 103.65 103.65 105.51 106.82 108.78 108.78







3. Thai BDC Government Bond Yield Curve



Government Bond Yield 2001

Curve (%) Jan Feb Mar Q1 (Mar 30) Apr May June Q2 (Jun 29) July August September Q3 (Sep 28) October November December Q4 (Dec 28)

1-year 2.54 2.09 2.09 2.09 2.16 2.90 3.49 3.49 3.37 3.33 3.15 3.15 2.78 2.66 2.49 2.49

2-year 2.84 2.25 2.54 2.54 2.57 3.72 4.08 4.08 3.95 3.80 3.49 3.49 2.96 2.91 2.68 2.68

3-year 2.97 2.48 2.79 2.79 2.85 4.18 4.44 4.44 4.52 4.47 3.97 3.97 3.23 3.22 2.79 2.79

5-year 3.32 3.02 3.53 3.53 3.67 5.00 4.92 4.92 5.22 5.47 4.97 4.97 4.25 3.96 3.37 3.37

7-year 3.81 3.69 4.28 4.28 4.32 5.58 5.43 5.43 5.78 5.89 5.42 5.42 4.94 4.48 3.97 3.97

10-year 4.48 4.4 5.06 5.06 5.12 6.11 6.10 6.1 6.34 6.41 6.11 6.11 5.65 5.24 4.84 4.84

14-year 5.57 5.44 6.02 6.02 6.03 6.72 6.56 6.56 6.70 6.81 6.56 6.56 6.22 5.69 5.37 5.37

18-year N/A N/A N/A N/A 6.69 7.09 6.95 6.95 6.99 7.07 6.80 6.80 6.47 6.11 5.85 5.85

Thai BDC Trading Activities 2002



1. Thai BDC Trading and Outstanding Value 2002



Unit : Baht million



2002 Outstanding as of

Trading Value December 27, 2002

Jan Feb Mar Total (Q1) Apr May Jun Total (Q2) Jul Aug Sep Total (Q3) Oct Nov Dec Total (Q4)

Government 96,674.68 85,625.83 97,919.48 280,219.99 61,325.63 109,614.99 76,724.73 247,665.35 114,682.21 134,872.42 110,225.49 359,780.11 114,937.30 118,622.23 55,987.26 289,546.79 724,676.00

State enterprise 9,944.05 6,107.86 3,099.19 19,151.10 5,255.90 4,582.72 4,696.29 14,534.91 13,869.94 14,895.32 9,160.66 37,925.92 9,556.90 26,996.53 5,383.78 41,937.21 394,075.68

- Guaranteed 9,118.34 4,673.34 2,816.84 16,608.53 4,883.49 4,399.05 4,544.50 13,827.04 13,051.89 12,248.62 8,335.19 33,635.70 9,301.89 26,248.15 4,975.49 40,525.53 343,705.94

- Non-guaranteed 825.71 1,434.52 282.34 2,542.57 372.41 183.67 151.79 707.87 818.05 2,646.70 825.47 4,290.22 255.01 748.38 408.29 1,411.68 50,369.74

T-Bills 31,585.62 24,292.56 35,013.26 90,891.44 41,419.51 49,376.16 66,702.49 157,498.16 64,274.92 52,705.84 61,808.28 178,789.05 106,770.91 79,372.67 87,528.22 273,671.80 134,000.00

BoT/FIDF/PLMO 5,895.19 8,659.36 1,414.26 15,968.81 1,319.38 4,019.43 2,467.96 7,806.77 7,511.27 6,089.88 1,185.80 14,786.95 2,062.61 9,927.60 12,793.86 24,784.07 112,337.28

Corporate 11,788.51 5,844.97 4,997.45 22,630.93 7,331.71 7,475.44 6,166.77 20,973.92 9,557.85 6,503.38 6,467.06 22,528.29 6,929.12 11,165.06 5,854.40 23,948.58 280,341.90

Total Value 155,888.04 130,530.58 142,443.64 428,862.26 116,652.13 175,068.73 156,758.24 448,479.10 209,896.18 215,066.84 188,847.28 613,810.31 240,256.84 246,084.09 167,547.52 653,888.45 1,645,430.87

- Monthly Average 142,954.09 149,493.03 204,603.44 217,962.82

- Daily Average 7,085.82 6,870.03 6,783.03 6,917.13 6,139.59 8,753.44 7,837.91 7,601.34 9,995.06 10,241.28 8,992.73 9,743.02 10,920.77 11,718.29 9,308.20 10,719.48



- No. of trading days 22 19 21 62 19 20 20 59 21 21 21 63 22 21 18 61

No. of transaction 4,538 4,290 4,244 13,072 4,317 5,812 4,614 14,743 5,451 6,147 5,073 16,671 5,486 4,871 2,606 12,963

- Monthly Average 4,357 4,914 5,557 4,321

- Daily Average 206 226 202 211 227 291 231 250 260 293 242 265 249 232 145 213

Dealer Participation 28 29 31 33 27 29 26 33 30 29 27 32 27 30 29 32







2. Thai BDC Government Bond Index



Government Bond Index 2002

Jan Feb Mar Q1 (Mar 29) Apr May Jun Q2 (Jun 28) Jul Aug Sep Q3 (Sep 30) Oct Nov Dec Q4 (Dec 27)

Total return 134.10 133.17 130.41 130.41 131.96 132.65 134.08 134.08 136.37 140.17 142.79 142.79 143.99 146.09 146.95 146.95

Gross price 108.77 107.85 104.86 104.86 105.21 105.54 105.91 105.91 107.25 110.13 111.48 111.48 111.52 112.92 112.83 112.83

Clean price 108.77 107.50 104.72 104.72 105.41 105.42 106.08 106.08 107.34 109.85 111.40 111.40 111.82 112.96 113.17 113.17







3. Thai BDC Government Bond Yield Curve



Government Bond Yield 2002

Curve (%)

Jan Feb Mar Q1 (Mar 29) Apr May Jun Q2 (Jun 28) Jul Aug Sep Q3 (Sep 30) Oct Nov Dec Q4 (Dec 27)

1-year 2.20 2.21 2.17 2.17 2.16 2.14 2.15 2.15 2.14 1.98 1.99 1.99 2.01 1.79 1.77 1.77

2-year 2.41 2.44 2.58 2.58 2.55 2.45 2.34 2.34 2.35 2.09 2.13 2.13 2.13 1.91 1.89 1.89

3-year 2.71 2.83 2.92 2.92 2.89 2.76 2.67 2.67 2.66 2.29 2.25 2.25 2.25 2.01 2.02 2.02

5-year 3.45 3.71 4.10 4.10 3.69 3.71 3.59 3.59 3.48 3.08 2.85 2.85 2.74 2.46 2.41 2.41

7-year 4.05 4.34 4.93 4.93 4.63 4.71 4.59 4.59 4.32 3.85 3.46 3.46 3.41 3.19 3.10 3.10

10-year 4.76 5.07 5.96 5.96 5.65 5.58 5.35 5.35 5.06 4.50 4.03 4.03 3.88 3.67 3.64 3.64

12-year 5.03 5.25 6.13 6.13 6.00 5.94 5.76 5.76 5.27 4.73 4.36 4.36 4.14 3.90 3.84 3.84

14-year 5.28 5.49 6.29 6.29 6.18 6.13 5.99 5.99 5.40 4.87 4.49 4.49 4.32 4.09 4.00 4.00

18-year 5.67 5.84 6.50 6.50 6.50 6.45 6.29 6.29 5.77 5.18 4.90 4.90 4.76 4.46 4.34 4.34

Thai BDC Trading Activities 2003



1. Thai BDC Trading and Outstanding Value 2003



Unit : Baht million



2003 Outstanding as of

Trading Value Dec 31, 2003

Jan Feb Mar Total (Q1) Apr May Jun Total (Q2) Jul Aug Sep Total (Q3) Oct Nov Dec Total (Q4) Total 2003

Government 134,187.76 135,578.17 82,681.53 352,447.46 86,766.53 130,244.45 144,921.01 361,931.99 118,722.82 65,295.25 88,536.51 272,554.58 76,835.13 56,781.31 34,027.93 167,644.37 1,154,578.40 742,176.00

State enterprise 8,365.12 4,907.84 3,903.83 17,176.79 9,350.92 5,540.82 6,600.47 21,492.20 6,599.02 11,053.04 16,280.19 33,932.25 8,449.27 16,716.78 3,866.49 29,032.55 101,633.79 406,304.73

- Guaranteed 5,715.72 4,101.08 2,479.71 12,296.51 7,859.03 3,798.04 2,806.37 14,463.44 4,663.24 5,942.03 12,378.87 22,984.14 5,729.04 11,035.53 3,205.24 19,969.81 69,713.90 328,132.23

- Non-guaranteed 2,649.40 806.76 1,424.13 4,880.29 1,491.89 1,742.78 3,794.10 7,028.76 1,935.78 5,111.01 3,901.32 10,948.11 2,720.23 5,681.25 661.25 9,062.74 31,919.89 78,172.50

T-Bills 89,785.27 47,962.57 32,779.09 170,526.93 41,630.51 35,395.30 22,853.35 99,879.16 26,089.29 55,028.82 59,441.76 140,559.87 54,078.95 42,115.43 71,656.77 167,851.15 578,817.11 127,000.00

State agency 5,224.72 15,747.36 34,392.10 55,364.18 45,767.95 60,322.00 68,004.43 174,094.38 51,820.26 52,034.86 66,995.92 170,851.04 54,128.85 51,459.24 51,525.02 157,113.11 557,422.71 242,337.28

Corporate 16,100.64 12,903.72 12,203.03 41,207.39 10,493.89 12,260.57 13,351.39 36,105.85 12,208.41 8,147.19 26,980.19 47,335.79 24,462.04 47,654.11 17,422.82 89,538.97 214,188.01 377,258.63

Total Value 253,663.51 217,099.66 165,959.58 636,722.75 194,009.80 243,763.14 255,730.65 693,503.59 215,439.80 191,559.16 258,234.57 665,233.52 217,954.24 214,726.87 178,499.03 611,180.15 2,606,640.02 1,895,076.64

- Monthly Average 212,240.92 231,167.86 221,744.51 203,726.72 217,220.00

- Daily Average 11,530.16 11,426.30 7,902.84 10,269.72 10,211.04 12,829.64 12,177.65 11,754.30 10,259.04 9,577.96 11,737.93 10,559.26 9,907.01 10,736.34 8,499.95 9,701.27 10,553.20



- No. of trading days 22 19 21 62 19 19 21 59 21 20 22 63 22 20 21 63 247

No. of transaction 6,650 5,850 4,317 16,817 3,599 5,472 5,842 14,913 4,589 2,890 3,844 11,323 3,029 3,178 2,309 8,516 51,569.00

- Monthly Average 5,606 4,971 3,774 2,839 4,297

- Daily Average 302 308 206 271 189 288 278 219 145 175 180 138 159 110 135 209

Dealer Participation 34 32 30 37 34 30 33 37 34 31 34 38 33 32 30 38 45









2. Thai BDC Government Bond Index



Government Bond Index 2003

Jan Feb Mar Q1 (Mar 31) Apr May Jun Q2 (Jun 30) Jul Aug Sep Q3 (Sep 30) Oct Nov Dec Q4 (Dec 31)

Total return 150.22 150.23 149.72 149.72 150.24 153.25 156.70 156.70 153.93 151.95 151.33 151.33 146.98 143.04 143.32 143.32

Gross price 114.86 114.64 113.75 113.75 113.30 115.25 117.13 117.13 114.61 113.00 111.86 111.86 108.07 104.99 104.23 104.23

Clean price 115.12 114.65 113.74 113.74 113.63 115.43 117.54 117.54 114.93 112.95 111.96 111.96 108.22 104.83 104.53 104.53







3. Thai BDC Government Bond Yield Curve



Government Bond Yield 2003

Curve (%) Jan Feb Mar Q1 (Mar 31) Apr May Jun Q2 (Jun 30) Jul Aug Sep Q3 (Sep 30) Oct Nov Dec Q4 (Dec 31)

1M 1.54 1.41 1.59 1.59 1.58 1.51 1.27 1.27 1.13 1.11 1.04 1.04 1.15 1.08 0.90 0.90

3M 1.56 1.43 1.60 1.60 1.60 1.54 1.29 1.29 1.16 1.18 1.12 1.12 1.21 1.17 1.06 1.06

6M 1.57 1.44 1.62 1.62 1.64 1.61 1.31 1.31 1.18 1.21 1.19 1.19 1.31 1.29 1.16 1.16

1-year 1.61 1.49 1.63 1.63 1.67 1.62 1.34 1.34 1.22 1.24 1.23 1.23 1.36 1.41 1.26 1.26

2-year 1.68 1.63 1.72 1.72 1.72 1.68 1.40 1.40 1.31 1.35 1.31 1.31 1.60 1.88 1.73 1.73

3-year 1.78 1.75 1.78 1.78 1.78 1.72 1.43 1.43 1.43 1.51 1.49 1.49 1.87 2.29 2.12 2.12

4-year 1.92 1.89 1.92 1.92 1.88 1.81 1.50 1.50 1.63 1.78 1.74 1.74 2.28 2.79 2.55 2.55

5-year 2.09 2.11 2.18 2.18 2.09 1.94 1.60 1.60 1.84 2.03 2.06 2.06 2.68 3.11 2.81 2.81

6-year 2.33 2.34 2.45 2.45 2.37 2.12 1.73 1.73 2.10 2.43 2.44 2.44 3.14 3.56 3.40 3.40

7-year 2.63 2.63 2.73 2.73 2.66 2.32 1.88 1.88 2.32 2.72 2.78 2.78 3.63 4.00 3.83 3.83

8-year 2.77 2.75 2.94 2.94 2.84 2.47 2.02 2.02 2.54 2.94 3.12 3.12 3.81 4.38 4.39 4.39

9-year 3.01 3.03 3.14 3.14 3.05 2.63 2.20 2.20 2.67 3.03 3.24 3.24 3.99 4.60 4.70 4.70

10-year 3.18 3.26 3.35 3.35 3.25 2.78 2.38 2.38 2.81 3.17 3.41 3.41 4.17 4.79 4.94 4.94

11-year 3.27 3.44 3.51 3.51 3.41 2.95 2.55 2.55 2.97 3.33 3.61 3.61 4.28 4.93 5.09 5.09

12-year 3.42 3.59 3.66 3.66 3.62 3.15 2.71 2.71 3.12 3.48 3.80 3.80 4.39 5.03 5.21 5.21

13-year 3.52 3.71 3.80 3.80 3.80 3.32 2.86 2.86 3.28 3.63 3.90 3.90 4.48 5.14 5.34 5.34

14-year 3.59 3.80 3.93 3.93 3.96 3.46 3.00 3.00 3.43 3.78 4.01 4.01 4.61 5.30 5.52 5.52

15-year 3.66 3.84 4.04 4.04 4.06 3.57 3.13 3.13 3.56 3.91 4.10 4.10 4.69 5.38 5.59 5.59

16-year 3.73 3.89 4.06 4.06 4.11 3.65 3.26 3.26 3.69 4.00 4.16 4.16 4.72 5.42 5.63 5.63

17-year 3.81 3.93 4.07 4.07 4.16 3.72 3.39 3.39 3.81 4.09 4.23 4.23 4.76 5.46 5.68 5.68

18-year 3.88 3.98 4.09 4.09 4.20 3.80 3.50 3.50 3.91 4.17 4.29 4.29 4.81 5.50 5.74 5.74

19-year 3.91 4.03 4.11 4.11 4.24 3.83 3.56 3.56 3.96 4.23 4.35 4.35 4.86 - - -

Thai BDC Trading Activities 2004



1. Thai BDC Trading and Outstanding Value 2004



Unit : Baht million



2004 Outstanding as of

Trading Value Dec 30, 2004

Jan Feb Mar Total (Q1) Apr May Jun Total (Q2) Jul Aug Sep Total (Q3) Oct Nov Dec Total (Q4) Total 2004

Government 66,144.94 73,757.56 135,589.17 275,491.67 68,025.55 62,971.18 89,499.77 220,496.50 125,874.57 64,570.88 80,815.48 271,260.93 99,406.97 120,270.22 67,827.66 287,504.85 1,054,753.95 1,118,576.00

State enterprise 13,210.52 7,413.69 13,377.05 34,001.26 4,688.86 4,934.41 18,560.27 28,183.54 10,261.13 2,983.84 6,710.06 19,955.03 9,995.59 9,712.34 3,880.18 23,588.11 105,727.94 418,022.16

- Guaranteed 11,976.69 6,806.01 8,338.25 27,120.95 3,693.11 3,745.07 17,418.76 24,856.94 9,985.39 633.59 4,791.76 15,410.74 2,753.04 8,466.95 2,377.11 13,597.09 80,985.72 321,688.66

- Non-guaranteed 1,233.82 607.68 5,038.80 6,880.30 995.75 1,189.34 1,141.51 3,326.60 275.74 2,350.25 1,918.30 4,544.29 7,242.55 1,245.40 1,503.08 9,991.02 24,742.21 96,333.50

T-Bills 89,307.07 64,675.00 42,395.49 196,377.56 63,891.43 49,886.47 82,932.30 196,710.20 80,278.37 76,271.69 86,126.01 242,676.07 70,766.62 109,563.52 109,281.16 289,611.30 925,375.13 168,040.00

State agency 57,044.05 71,591.39 115,880.33 244,515.77 53,296.64 71,428.33 71,598.74 196,323.71 49,798.48 34,647.58 58,440.13 142,886.19 45,587.63 73,894.53 65,998.14 185,480.30 769,205.97 312,340.00



Corporate 18,330.63 11,331.42 14,677.64 44,339.69 9,685.49 8,486.21 8,546.78 26,718.48 7,690.32 8,747.64 7,886.95 24,324.91 4,805.36 9,762.43 4,455.26 19,023.05 114,406.13 385,279.28

Total Value 244,037.21 228,769.06 321,919.68 794,725.95 199,587.97 197,706.60 271,137.86 668,432.43 273,902.87 187,221.63 239,978.63 701,103.13 230,562.17 323,203.04 251,442.40 805,207.61 2,969,469.12 2,402,257.44

- Monthly Average 264,908.65 222,810.81 233,701.04 268,402.54 247,455.76

- Daily Average 12,201.86 11,438.45 14,632.71 12,818.16 11,088.22 10,405.61 12,911.33 11,524.70 13,042.99 9,361.08 10,908.12 11,128.62 11,528.11 14,691.05 12,572.12 12,987.22 12,120.28



- No. of trading days 20 20 22 62 18 19 21 58 21 20 22 63 20 22 20 62 245

No. of transaction 3,307 2,891 3,797 9,995 1,993 2,129 2,499 6,621 2,449 2,611 2,768 7,828 2,263 2,916 2,520 7,699 32,143

- Monthly Average 3,332 2,207 2,609 2,566 2,679

- Daily Average 165 145 173 161 111 112 119 114 117 131 126 124 113 133 126 124 131

Dealer Participation 29 31 33 35 32 33 30 38 33 30 32 34 32 32 31 37 43









2. Thai BDC Government Bond Index



Government Bond Index 2004

Jan Feb Mar Q1 (Mar 31) Apr May Jun Q2 (Jun 30) Jul Aug Sep Q3 (Sep 30) Oct Nov Dec Q4 (Dec 30)

Total return 145.10 146.71 149.12 149.12 145.28 145.19 144.10 144.10 144.23 145.71 146.89 146.89 146.54 146.17 147.42 147.42

Gross price 105.05 106.10 107.29 107.29 103.96 103.50 102.09 102.09 101.67 102.61 102.88 102.88 102.05 101.43 101.75 101.75

Clean price 105.37 106.12 107.37 107.37 104.11 103.57 102.33 102.33 101.97 102.55 102.95 102.95 102.26 101.52 101.95 101.95







3. Thai BDC Government Bond Yield Curve



Government Bond Yield 2004

Curve (%) Jan Feb Mar Q1 (Mar 31) Apr May Jun Q2 (Jun 30) Jul Aug Sep Q3 (Sep 30) Oct Nov Dec Q4 (Dec 30)

1M 1.03 1.03 1.00 1.00 1.09 1.02 0.90 0.90 1.08 1.26 1.39 1.39 1.50 1.50 1.39 1.39

3M 1.09 1.06 1.03 1.03 1.17 1.06 1.05 1.05 1.35 1.42 1.57 1.57 1.64 1.70 1.85 1.85

6M 1.17 1.20 1.14 1.14 1.25 1.17 1.35 1.35 1.57 1.68 1.72 1.72 1.84 2.11 2.18 2.18

1-year 1.36 1.36 1.24 1.24 1.41 1.45 1.59 1.59 1.77 1.86 1.91 1.91 2.09 2.38 2.37 2.37

2-year 1.56 1.50 1.43 1.43 1.68 1.91 2.01 2.01 2.35 2.27 2.31 2.31 2.42 2.69 2.78 2.78

3-year 1.81 1.78 1.66 1.66 1.95 2.36 2.57 2.57 2.88 2.77 2.82 2.82 2.93 3.13 3.19 3.19

4-year 2.27 2.19 2.07 2.07 2.59 3.30 3.20 3.20 3.32 3.23 3.24 3.24 3.29 3.57 3.54 3.54

5-year 2.61 2.56 2.49 2.49 3.28 3.55 3.55 3.55 3.76 3.68 3.70 3.70 3.84 4.06 4.03 4.03

6-year 3.01 3.03 2.98 2.98 3.89 4.04 4.05 4.05 4.16 4.05 4.05 4.05 4.21 4.32 4.23 4.23

7-year 3.91 3.69 3.48 3.48 4.30 4.31 4.37 4.37 4.41 4.22 4.11 4.11 4.36 4.56 4.49 4.49

8-year 4.14 3.96 3.73 3.73 4.52 4.51 4.63 4.63 4.68 4.53 4.38 4.38 4.55 4.75 4.66 4.66

9-year 4.40 4.27 3.87 3.87 4.67 4.67 4.91 4.91 5.00 4.74 4.59 4.59 4.79 4.87 4.74 4.74

10-year 4.72 4.50 4.06 4.06 4.83 4.93 5.17 5.17 5.14 4.96 4.80 4.80 4.93 4.99 4.85 4.85

11-year 4.93 4.69 4.31 4.31 4.97 5.01 5.26 5.26 5.24 5.11 4.96 4.96 5.02 5.07 4.97 4.97

12-year 5.08 4.83 4.45 4.45 5.04 5.06 5.33 5.33 5.30 5.18 5.03 5.03 5.09 5.13 5.04 5.04

13-year 5.20 4.96 4.56 4.56 5.12 5.13 5.40 5.40 5.37 5.26 5.12 5.12 5.15 5.20 5.09 5.09

14-year 5.36 5.16 4.78 4.78 5.24 5.20 5.46 5.46 5.44 5.37 5.19 5.19 5.19 5.28 5.12 5.12

15-year 5.41 5.20 4.85 4.85 5.29 5.23 5.51 5.51 5.48 5.48 5.25 5.25 5.23 5.34 5.16 5.16

16-year 5.45 5.23 4.92 4.92 5.34 5.26 5.55 5.55 5.51 5.50 5.32 5.32 5.31 5.40 5.23 5.23

17-year 5.48 5.27 5.00 5.00 5.39 5.30 5.60 5.60 5.56 5.53 5.38 5.38 5.38 5.46 5.29 5.29

18-year 5.53 5.33 5.06 5.06 5.45 5.36 5.65 5.65 5.62 5.58 5.45 5.45 5.45 - - -

Thai BDC Trading Activities 2005



1. Thai BDC Trading and Outstanding Value 2005



Unit : Baht million



2005 Outstanding as of

Trading Value Dec 30, 2005

Jan Feb Mar Total (Q1) Apr May Jun Total (Q2) Jul Aug Sep Total (Q3) Oct Nov Dec Total (Q4) Total 2005

Government 83,038.95 138,131.18 92,441.07 313,611.20 38,216.44 60,765.36 54,578.30 153,560.10 47,745.11 59,036.48 41,962.27 148,743.86 38,649.36 73,656.03 56,840.13 169,145.52 785,060.68 1,291,663.90

State enterprise 4,799.85 9,553.01 4,863.07 19,215.93 9,332.83 8,994.29 14,627.50 32,954.62 7,301.49 8,744.15 9,217.58 25,263.22 10,225.90 18,308.72 20,860.55 49,395.17 126,828.94 486,122.82

- Guaranteed 3,674.16 8,150.26 3,025.37 14,849.79 2,761.69 5,166.19 12,578.19 20,506.07 3,710.53 3,816.72 8,470.05 15,997.30 5,787.97 17,093.89 14,442.92 37,324.78 88,677.93 361,761.19

- Non-guaranteed 1,125.70 1,402.75 1,837.70 4,366.15 6,571.14 3,828.10 2,049.31 12,448.55 3,590.96 4,927.43 747.53 9,265.92 4,437.93 1,214.83 6,417.63 12,070.39 38,151.01 124,361.63

T-Bills 80,847.79 79,292.81 138,269.61 298,410.21 57,834.56 75,745.90 97,775.19 231,355.65 57,971.90 97,919.82 71,635.23 227,526.95 58,083.28 71,491.92 110,217.19 239,792.39 997,085.20 209,000.00

State agency 84,671.94 124,927.08 173,137.66 382,736.68 122,849.67 210,093.74 227,594.12 560,537.53 148,737.93 205,275.99 140,174.76 494,188.68 155,929.15 158,823.47 133,793.94 448,546.56 1,886,009.45 641,332.00

Corporate 8,518.52 6,692.44 8,179.34 23,390.30 8,688.42 9,821.11 8,344.43 26,853.96 4,416.82 7,428.95 4,224.27 16,070.04 10,481.59 4,651.00 7,927.75 23,060.34 89,374.64 487,620.68

Foreign Bond - - - 0.00 - - 80.98 80.98 149.50 126.66 - 276.16 - 36.86 - 36.86 394.00 7,000.00

Total Value 261,877.05 358,596.52 416,890.75 1,037,364.32 236,921.92 365,420.40 403,000.52 1,005,342.84 266,322.75 378,532.05 267,214.11 912,068.91 273,369.28 326,968.00 329,639.56 929,976.84 3,884,752.91 3,122,739.40

- Monthly Average 345,788.11 335,114.28 304,022.97 309,992.28 323,729.41

- Daily Average 13,093.85 18,873.50 18,125.68 16,731.68 13,936.58 19,232.65 18,318.21 17,333.50 14,016.99 17,206.00 12,146.10 14,477.28 13,668.46 14,862.18 16,481.98 14,999.63 15,856.13



- No. of trading days 20 19 23 62 17 19 22 58 19 22 22 63 20 22 20 62 245

No. of transaction 3,000 3,317 4,461 10,778 3,026 3,491 4,290 10,807 3,709 4,489 4,040 12,238 3,418 3,787 3,635 10,840 44,663

- Monthly Average 3,593 3,602 4,079 3,613 3,722

- Daily Average 150 175 194 174 178 184 195 186 195 204 184 194 171 172 182 175 182

Dealer Participation 35 31 34 36 34 33 33 37 34 36 35 37 34 34 34 38 41









2. Thai BDC Government Bond Index



Government Bond Index 2005

Jan Feb Mar Q1 (Mar 31) Apr May Jun Q2 (Jun 30) Jul Aug Sep Q3 (Sep 30) Oct Nov Dec Total (Q4)

Total return 147.59 148.67 151.09 151.09 153.27 153.47 155.53 155.53 150.86 148.83 146.53 146.53 138.96 142.43 147.07 147.07

Gross price 101.37 101.86 103.08 103.08 104.00 103.74 104.51 104.51 100.93 99.35 97.19 97.19 91.89 93.79 96.18 96.18

Clean price 101.59 101.93 103.14 103.14 104.21 103.87 104.84 104.84 101.23 99.36 97.37 97.37 91.85 93.75 96.42 96.42









3. Thai BDC Government Bond Yield Curve



Government Bond Yield 2005

Curve (%) Jan Feb Mar Q1 (Mar 31) Apr May Jun Q2 (Jun 30) Jul Aug Sep Q3 (Sep 30) Oct Nov Dec Total (Q4)

1M 1.84 1.84 1.92 1.92 2.24 2.32 2.15 2.15 2.66 2.42 2.58 2.58 3.26 3.60 3.72 3.72

3M 1.96 2.04 2.11 2.11 2.33 2.44 2.36 2.36 2.85 2.75 2.87 2.87 3.39 3.72 3.88 3.88

6M 2.22 2.22 2.28 2.28 2.44 2.62 2.60 2.60 3.00 3.04 3.26 3.26 3.97 4.01 4.11 4.11

1-year 2.47 2.47 2.53 2.53 2.67 2.91 2.81 2.81 3.31 3.32 3.54 3.54 4.09 4.36 4.38 4.38

2-year 2.93 2.95 2.94 2.94 2.94 3.17 3.12 3.12 3.71 3.95 4.39 4.39 5.15 5.19 4.94 4.94

3-year 3.32 3.33 3.27 3.27 3.16 3.35 3.29 3.29 3.88 4.29 4.75 4.75 5.50 5.44 5.11 5.11

4-year 3.72 3.66 3.48 3.48 3.34 3.48 3.37 3.37 3.98 4.40 4.85 4.85 5.81 5.57 5.16 5.16

5-year 4.13 4.03 3.77 3.77 3.51 3.66 3.52 3.52 4.13 4.52 4.94 4.94 6.04 5.70 5.25 5.25

6-year 4.28 4.19 3.90 3.90 3.66 3.81 3.67 3.67 4.26 4.62 5.01 5.01 6.24 5.81 5.29 5.29

7-year 4.51 4.39 4.12 4.12 3.96 3.97 3.79 3.79 4.43 4.72 5.10 5.10 6.41 5.90 5.33 5.33

8-year 4.67 4.58 4.27 4.27 4.01 4.06 3.86 3.86 4.49 4.79 5.16 5.16 6.45 5.93 5.36 5.36

9-year 4.77 4.65 4.35 4.35 4.08 4.11 3.91 3.91 4.56 4.85 5.25 5.25 6.52 5.98 5.40 5.40

10-year 4.91 4.78 4.55 4.55 4.24 4.23 4.01 4.01 4.66 4.94 5.32 5.32 6.58 6.07 5.47 5.47

11-year 4.97 4.86 4.62 4.62 4.35 4.31 4.07 4.07 4.73 5.00 5.38 5.38 6.61 6.11 5.51 5.51

12-year 5.02 4.93 4.67 4.67 4.43 4.39 4.14 4.14 4.81 5.07 5.47 5.47 6.65 6.18 5.57 5.57

13-year 5.06 4.99 4.73 4.73 4.52 4.47 4.22 4.22 4.90 5.19 5.55 5.55 6.69 6.24 5.62 5.62

14-year 5.09 5.02 4.78 4.78 4.58 4.53 4.27 4.27 5.00 5.32 5.65 5.65 6.75 6.30 5.66 5.66

15-year 5.12 5.08 4.81 4.81 4.64 4.59 4.35 4.35 5.05 5.37 5.71 5.71 6.79 6.35 5.72 5.72

16-year 5.18 5.13 4.90 4.90 4.72 4.68 4.45 4.45 5.09 5.40 5.75 5.75 6.81 6.39 5.77 5.77

17-year 5.25 5.18 4.96 4.96 4.79 4.75 4.51 4.51 5.13 5.43 5.78 5.78 6.84

ThaiBMA Trading Activities 2006



1. ThaiBMA Trading and Outstanding Value 2006

Unit : Baht million



2006 Outstanding as of

Outright Trading Value December 29, 2006

Jan Feb Mar Total (Q1) Apr May June Total (Q2) July Aug Sep Total (Q3) Oct Nov Dec Total (Q4) Total (2006)

Government 36,751.23 28,076.11 27,549.05 92,376.39 39,709.05 49,238.30 32,752.35 121,699.70 43,080.77 69,639.78 52,072.52 164,793.07 72,951.82 106,846.06 72,450.26 252,248.14 631,117.30 1,469,263.55

State enterprise 9,543.42 14,127.71 8,217.46 31,888.59 2,640.94 3,868.01 6,382.35 12,891.30 8,498.35 11,408.18 8,874.01 28,780.54 4,299.14 4,317.82 1,655.33 10,272.29 83,832.72 490,921.75

- Guaranteed 9,516.31 13,832.60 8,193.67 31,542.57 1,863.52 1,643.86 2,097.48 5,604.86 1,446.66 3,951.14 2,875.35 8,273.15 2,566.16 3,182.65 385.44 6,134.26 51,554.84 332,900.01

- Non-guaranteed 27.11 295.11 23.79 346.01 777.43 2,224.14 4,284.86 7,286.43 7,051.69 7,457.04 5,998.66 20,507.39 1,732.98 1,135.17 1,269.89 4,138.03 32,277.87 158,021.74

T-Bills 129,286.65 96,766.61 108,265.92 334,319.18 122,979.30 102,431.83 123,351.60 348,762.73 156,424.30 144,632.96 133,070.16 434,127.42 133,406.41 131,340.42 118,246.71 382,993.54 1,500,202.87 228,000.00

State agency 91,379.52 100,085.55 94,093.17 285,558.24 62,021.64 115,761.86 91,588.57 269,372.07 119,161.02 157,379.02 142,352.94 418,892.98 210,556.36 342,451.10 441,371.01 994,378.47 1,968,201.76 896,702.00

Corporate 8,622.86 4,946.80 5,896.29 19,465.95 2,514.87 7,597.63 5,678.06 15,790.56 10,753.72 7,515.26 8,377.05 26,646.03 13,220.63 11,494.11 5,926.54 30,641.28 92,543.82 850,327.33

Foreign Bond - - - 0.00 - 57.58 - 57.58 - 19.11 399.16 418.27 1,009.71 - 116.45 1,126.16 1,602.01 16,100.00

Total Outright Trading Value 275,583.68 244,002.78 244,021.89 763,608.35 229,865.80 278,955.21 259,752.93 768,573.94 337,918.16 390,594.31 345,145.84 1,073,658.31 435,444.07 596,449.51 639,766.30 1,671,659.88 4,277,500.47 3,951,314.63

- Monthly Average 254,536.12 256,191.31 357,886.10 557,219.96 356,458.37

- No. of trading days 21 19 23 63 16 20 20 56 20 22 20 62 21 22 19 62 243

- Daily Average 13,123.03 12,842.25 10,609.65 12,120.77 14,366.61 13,947.76 12,987.65 13,724.53 16,895.91 17,754.29 17,257.29 17,317.07 20,735.43 27,111.34 33,671.91 26,962.26 17,602.88

No. of Outright Transaction 4,002 3,101 3,724 10,827 3,068 3,818 3,787 10,673 4,497 5,348 4,749 14,594 5,146 5,705 5,172 16,023 52,117

- Monthly Average 3,609 3,558 4,865 5,341 4,343

- Daily Average 191 163 162 172 192 191 189 191 225 243 237 235 245 259 272 258 214

Dealer Participation 32 32 32 35 31 33 32 34 33 34 31 34 34 36 34 34 40

Financing & Other Trading Value 111,356.89 119,403.65 197,426.17 428,186.71 273,434.43 233,495.32 229,876.99 736,806.74 251,129.14 268,688.83 309,296.60 829,114.57 271,371.03 264,078.08 148,139.16 683,588.27 2,677,696.29

Total Value 386,940.57 363,406.43 441,448.06 1,191,795.06 503,300.23 512,450.53 489,629.92 1,505,380.68 589,047.30 659,283.14 654,442.44 1,902,772.88 706,815.10 860,527.59 787,905.46 2,355,248.15 6,955,196.76





2. ThaiBMA Government Bond Index



Government Bond Index 2006

Jan Feb Mar Q1 (Mar 31) Apr May June Q2 (Jun 30) July Aug Sep Q3 (Sep 29) Oct Nov Dec Q4 (Dec 29) 2006

Total return 147.61 149.23 147.51 147.51 148.51 149.56 148.89 148.89 150.64 152.86 154.93 154.93 155.55 158.93 155.10 155.10 155.10

Gross price 96.11 96.84 95.27 95.27 97.11 97.41 96.33 96.33 96.93 98.05 98.94 98.94 99.03 100.70 97.83 97.83 97.83

Clean price 96.33 97.00 95.43 95.43 95.68 95.89 95.03 95.03 95.71 96.68 97.60 97.60 97.53 99.26 96.43 96.43 96.43





3. ThaiBMA Government Bond Yield Curve



2006

Government Bond Yield Curve (%)

Jan Feb Mar Q1 (Mar 31) Apr May June Q2 (Jun 30) July Aug Sep Q3 (Sep 29) Oct Nov Dec Q4 (Dec 29) 2006

1M 3.85 3.93 4.30 4.30 4.55 4.76 4.81 4.81 4.90 4.85 4.93 4.93 4.92 4.82 4.95 4.95 4.95

3M 3.96 4.02 4.57 4.57 4.74 4.84 4.97 4.97 4.93 4.90 4.97 4.97 4.94 4.80 4.93 4.93 4.93

6M 4.10 4.15 4.68 4.68 4.86 4.86 5.13 5.13 5.04 4.99 4.96 4.96 4.95 4.78 4.90 4.90 4.90

1-year 4.49 4.48 4.97 4.97 5.05 5.08 5.22 5.22 5.19 5.09 4.94 4.94 4.91 4.74 4.91 4.91 4.91

2-year 4.88 4.93 5.23 5.23 5.22 5.27 5.40 5.40 5.32 5.17 5.01 5.01 4.96 4.72 5.05 5.05 5.05

3-year 4.98 4.98 5.27 5.27 5.27 5.31 5.46 5.46 5.35 5.20 5.02 5.02 4.97 4.69 5.06 5.06 5.06

4-year 5.05 5.01 5.30 5.30 5.31 5.33 5.49 5.49 5.38 5.21 5.04 5.04 5.00 4.69 5.09 5.09 5.09

5-year 5.17 5.07 5.35 5.35 5.35 5.36 5.52 5.52 5.41 5.23 5.06 5.06 5.03 4.69 5.12 5.12 5.12

6-year 5.25 5.09 5.38 5.38 5.38 5.38 5.55 5.55 5.43 5.24 5.07 5.07 5.05 4.68 5.15 5.15 5.15

7-year 5.32 5.12 5.44 5.44 5.40 5.40 5.57 5.57 5.45 5.25 5.09 5.09 5.07 4.67 5.22 5.22 5.22

8-year 5.39 5.19 5.49 5.49 5.45 5.43 5.62 5.62 5.47 5.27 5.11 5.11 5.10 4.70 5.28 5.28 5.28

9-year 5.46 5.26 5.54 5.54 5.48 5.44 5.65 5.65 5.48 5.28 5.12 5.12 5.13 4.72 5.36 5.36 5.36

10-year 5.52 5.31 5.59 5.59 5.50 5.45 5.67 5.67 5.49 5.29 5.13 5.13 5.16 4.77 5.44 5.44 5.44

11-year 5.58 5.39 5.67 5.67 5.58 5.51 5.71 5.71 5.56 5.34 5.17 5.17 5.19 4.84 5.51 5.51 5.51

12-year 5.62 5.44 5.73 5.73 5.67 5.57 5.75 5.75 5.59 5.37 5.19 5.19 5.22 4.89 5.55 5.55 5.55

13-year 5.68 5.49 5.80 5.80 5.74 5.64 5.79 5.79 5.62 5.40 5.21 5.21 5.25 4.94 5.59 5.59 5.59

14-year 5.73 5.54 5.86 5.86 5.79 5.68 5.83 5.83 5.65 5.43 5.23 5.23 5.28 4.94 5.64 5.64 5.64

15-year 5.77 5.61 5.92 5.92 5.87 5.73 5.89 5.89 5.72 5.48 5.25 5.25 5.31 4.97 5.73 5.73 5.73

16-year 5.80 5.63 5.98 5.98 5.91 5.75 5.90 5.90 5.75 5.49 5.25 5.25 5.32 4.99 5.77 5.77 5.77



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