Thailand Government Bonds - Yields Curve

COUNTRY • SUMMARY
THAILAND
Last Update: 26 Jul 2024 11:15 GMT+0

The Thailand 10-Year Government Bond currently offers a yield of 2.628%. This yield reflects the return investors can expect if they hold the bond until maturity. Government bond yields are critical indicators of economic confidence and investor sentiment.

Thailand Central Bank Rate stands at 2.50%, following the most recent adjustment in September 2023.

According to Standard & Poor's agency, the Thailand credit rating is BBB+.

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Thailand Yield Curve

If data are not all visible, swipe table left
Residual
Maturity
Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
1 year 2.368% 0.0 bp 0.0 bp 97.69 0.00 % 0.00 % 19 Jan
2 years 2.364% 0.0 bp -0.4 bp 95.43 0.00 % 0.00 % 12 Jun
3 years 2.305% -8.5 bp +0.5 bp 93.39 +0.25 % -0.02 % 25 Jul
4 years 2.464% 0.0 bp 0.0 bp 90.72 0.00 % 0.00 % 19 Jan
5 years 2.378% -12.5 bp -3.1 bp 88.91 +0.61 % +0.15 % 26 Jul
7 years 2.662% 0.0 bp 0.0 bp 83.20 0.00 % 0.00 % 19 Jan
10 years 2.628% -8.0 bp -6.0 bp 77.15 +0.78 % +0.59 % 26 Jul
12 years 2.840% 0.0 bp 0.0 bp 71.46 0.00 % 0.00 % 19 Jan
14 years 2.957% 0.0 bp 0.0 bp 66.50 0.00 % 0.00 % 19 Jan
15 years 2.805% -9.1 bp -5.0 bp 66.04 +1.33 % +0.73 % 26 Jul
16 years 3.155% 0.0 bp 0.0 bp 60.84 0.00 % 0.00 % 19 Jan
20 years 3.103% -16.4 bp -1.5 bp 54.27 +3.23 % +0.30 % 26 Jul
Last Update: 26 Jul 2024 11:15 GMT+0

Thailand Yield Analysis

Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases. For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive. If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).

If data are not all visible, swipe table left
Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (2.50%)
5 years
10 years 2.628% 12.8 bp
5 years 2.378%
-12.2 bp

Thailand Credit Ratings

A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation). For a deeper analysis of credit ratings, click here Thailand Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's BBB+ -
Moody's Investors Service Baa1 -
Fitch Ratings BBB+ -
DBRS - -

Thailand Interest Rates

A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.

Interest Rates Value
Central Bank Rate 2.50%
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Thailand 10Y Bond Yield Spread

The Thailand 10Y Government Bond has a 2.628% yield.

A positive spread, marked by , means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle .

Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
Thailand 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 156.9 bp -12.0 bp -41.4 bp
vs China 10Y 43.1 bp -4.2 bp +25.7 bp
vs Germany 10Y 22.0 bp -3.1 bp -16.7 bp
vs France 10Y -48.6 bp -0.3 bp -38.3 bp
vs Spain 10Y -60.7 bp +8.4 bp -9.3 bp
vs Canada 10Y -71.7 bp +8.5 bp +14.8 bp
vs Italy 10Y -113.8 bp +14.8 bp -0.8 bp
vs United Kingdom 10Y -147.5 bp -4.1 bp -16.2 bp
vs United States 10Y -156.9 bp +5.1 bp -11.3 bp
vs Australia 10Y -168.3 bp +3.3 bp -13.6 bp
vs India 10Y -442.7 bp -13.8 bp +5.6 bp
vs Brazil 10Y -945.9 bp -11.2 bp -158.3 bp
vs Russia 10Y -1281.0 bp -38.8 bp -331.3 bp

Thailand Government Bonds Prices

Price Simulation: bonds with a face value of 100, with different coupon rates.

The highlighted column refers to the zero coupon bond.
Click on for a forecast of the yield.
If data are not all visible, swipe table left
Residual
Maturity
Yield Bond Price - with different Coupon Rates Fx
0% 1% 3% 5% 7% 9%
20 years 3.103% 54.27 69.01 98.48 127.96 157.43 186.90
15 years 2.805% 66.04 78.14 102.36 126.58 150.79 175.01
10 years 2.628% 77.15 85.85 103.23 120.62 138.01 155.40
5 years 2.378% 88.91 93.58 102.90 112.22 121.55 130.87
3 years 2.305% 93.39 96.26 101.99 107.73 113.46 119.19
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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