Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchFAQLog inRegister
YOU MUST Sign in with your USERNAME to POST
Follow us on TWITTER
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 
 

 Vietnam Five-Year Yield at 17-Month Low on Rates; Dong Gains

View previous topic View next topic Go down 
AuthorMessage
1alaskan
Elite Member
Elite Member


Posts : 4668
Join date : 2011-06-21
Age : 34
Location : Planet far far away

PostSubject: Vietnam Five-Year Yield at 17-Month Low on Rates; Dong Gains   Tue Apr 17, 2012 4:26 pm

Vietnam Five-Year Yield at 17-Month Low on Rates; Dong Gains

VietFinanceNews.com - Vietnam’s five-year bonds rose, pushing the yield to a 17-month low, on speculation the central bank will loosen monetary policy further. The dong advanced.

The monetary authority cut its repurchase rate to 12 percent from 13 percent on April 11, the second reduction in a less than a month, and trimmed its refinancing and discount rates by a percentage point each. Inflation slowed to a one-year low of 14.15 percent in March, government data show.

“Banks and some investment funds are purchasing bonds,” said Tran Thi Ngoc Thanh, deputy manager of the investment- banking division at Sacombank Securities Joint-Stock Co. in Ho Chi Minh City. “Probably because they are expecting that the improving macroeconomic stability and easing inflation will encourage the central bank to relax monetary policy.”




The yield on five-year notes fell 12 basis points, or 0.12 percentage point, to 11.09 percent, according to a daily fixing from banks compiled by Bloomberg. That was the lowest level since Nov. 11, 2010.

The dong strengthened 0.6 percent to 20,725 per dollar as of 3:56 p.m. in Hanoi, according to data compiled by Bloomberg. The central bank set the currency’s reference rate at 20,828, unchanged since Dec. 26, its website showed. The currency is allowed to trade as much as 1 percent on either side of the official fixing. (Bloomberg)

http://www.vietfinancenews.com/2012/04/vietnam-five-year-yield-at-17-month-low.html

*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant


Yesterday would have been better, but today is a good day

Remember as always, JMHO
Rantings from just north of sixty
Back to top Go down
View user profile
 
Vietnam Five-Year Yield at 17-Month Low on Rates; Dong Gains
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Dinar Daily :: OTHER INVESTMENTS :: OTHER CURRENCIES - DONG - ZIM - YUAN - etc-
Jump to: