Latest topics
Vietnam Bonds Decline on Speculation Bank Demand Low; Dong Gains
Page 1 of 1
Vietnam Bonds Decline on Speculation Bank Demand Low; Dong Gains
December 16, 2011
Vietnam Bonds Decline on Speculation Bank Demand Low; Dong Gains
Vietnam’s government bonds declined on speculation demand from banks is dropping as the end of the year approaches. The dong strengthened.
Vietnam Development Bank, a state-owned lender that raises funds for government projects, is offering 1 trillion dong ($48 million) of three-year bonds and 900 billion dong of five-year notes today, according to a statement on the Hanoi Stock Exchange. The auction results will be available later today.
“Demand for bonds is pretty low these days since many banks have halted bond investment ahead of the year-end,” said Do Hoang Quynh Trang, a fixed-income trader at Hanoi-based Ocean Commercial Joint-Stock Bank.
The yield on the benchmark five-year bond climbed two basis points, or 0.02 percentage point, to 12.46 percent, according to a daily fixing price from banks compiled by Bloomberg. Three- year yields rose for a second day, adding four basis points to 12.50 percent.
The dong gained 0.1 percent to 20,982 per dollar, according to data from banks compiled by Bloomberg. The central bank set the reference rate at 20,813 per dollar, unchanged since Dec. 14, according to its website. The currency is allowed to fluctuate by as much as 1 percent on either side of that rate. (Bloomberg)
http://www.vietfinancenews.com/2011/12/vietnam-bonds-decline-on-speculation.html#more
Vietnam Bonds Decline on Speculation Bank Demand Low; Dong Gains
Vietnam’s government bonds declined on speculation demand from banks is dropping as the end of the year approaches. The dong strengthened.
Vietnam Development Bank, a state-owned lender that raises funds for government projects, is offering 1 trillion dong ($48 million) of three-year bonds and 900 billion dong of five-year notes today, according to a statement on the Hanoi Stock Exchange. The auction results will be available later today.
“Demand for bonds is pretty low these days since many banks have halted bond investment ahead of the year-end,” said Do Hoang Quynh Trang, a fixed-income trader at Hanoi-based Ocean Commercial Joint-Stock Bank.
The yield on the benchmark five-year bond climbed two basis points, or 0.02 percentage point, to 12.46 percent, according to a daily fixing price from banks compiled by Bloomberg. Three- year yields rose for a second day, adding four basis points to 12.50 percent.
The dong gained 0.1 percent to 20,982 per dollar, according to data from banks compiled by Bloomberg. The central bank set the reference rate at 20,813 per dollar, unchanged since Dec. 14, according to its website. The currency is allowed to fluctuate by as much as 1 percent on either side of that rate. (Bloomberg)
http://www.vietfinancenews.com/2011/12/vietnam-bonds-decline-on-speculation.html#more
*****************
"WHEN THE POWER OF LOVE OVERCOMES THE LOVE OF POWER, THE WORLD WILL KNOW PEACE"
lexie- Elite Member
- Posts : 1812
Join date : 2011-06-24
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Fri May 10, 2024 5:03 pm by kenlej
» Go Russia
Sun May 05, 2024 11:37 am by kenlej
» Go Russia
Sun May 05, 2024 10:51 am by kenlej
» Textbook Tony
Mon Apr 29, 2024 4:13 pm by Mission1st
» The Rockefellers and the controllers are freaking out right about now
Fri Apr 26, 2024 11:16 am by kenlej
» Phony Tony sez: Full Steam Ahead!
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej