Thailand Market Review, Q3 2020: first signs of recovery

The quarter saw a modest recovery in the market for structured products: issuance was up 89% while sales volume more than doubled compared to the second quarter. Still, the market is far removed from levels seen in Q1 and even further from where it was in 2019. Year-to-date there has been a 64% decrease in the number of products and a 67% drop in terms of volume. Despite the negative yearly trend, it is worth noting that the third quarter was the first since 2018 to mark an expansion in issuan