Today, the Thai Bond Market Association reported that investors in the categories of asset management companies, insurance companies, and foreign investors made net purchases totaling 15,470 million baht. Asset management companies net bought 13,485 million baht, insurers net bought 1,945 million baht, and foreign investors net bought 40 million baht. Meanwhile, the total trading value for the day stood at 88,320 million baht. The yield on 5-year bonds closed at 1.7%, up 0.04%, and the yield curve shifted up by 2-5 basis points in line with US Treasuries, following higher global oil prices. In the auction results for government bonds, the LB365A series with a 10-year maturity and an issue size of 32,000 million baht achieved a yield of 2.1979%, which was 3 basis points higher than the market, with a bid-to-cover ratio of 1.13 times. For the LBA506A series with a 25-year maturity and an issue size of 8,000 million baht, the yield was 3.1726%, 4 basis points higher, with a bid-to-cover ratio of 2.26 times. Foreign investors saw a net inflow of 40 million baht, with no maturing instruments. On the external factors front, the US manufacturing PMI for August remained steady at 53.9, while the Joint Standing Committee on Commerce, Industry, and Banking revised up its forecast for Thai economic growth in 2026 to 2.1-2.5% and exports to 12-16%.
Yield on 10-year bonds rose 3-4 bps in auction, reflecting higher yields due to global oil prices and US Treasury moves.
5-year yield closed up 0.04% to 1.7%, following US Treasuries and higher oil prices.
