Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Vietnam- Bonds Gain on Speculation Banks to Lower Interest Rates DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Vietnam- Bonds Gain on Speculation Banks to Lower Interest Rates

Post new topic   Reply to topic

Go down

Vietnam- Bonds Gain on Speculation Banks to Lower Interest Rates Empty Vietnam- Bonds Gain on Speculation Banks to Lower Interest Rates

Post by lexie Wed Sep 28, 2011 2:42 pm

September 28, 2011


Bonds Gain on Speculation Banks to Lower Interest Rates



VietFinanceNews.com - Vietnam’s five-year bonds gained on speculation commercial lenders will lower interest rates after inflation slowed for the first time in more than a year.


Consumer prices climbed 22.42 percent in September from a year earlier, easing from a 23.02 percent pace in August, according to figures released by the General Statistics Office on Sept. 24.


“The slowing of inflation on a monthly basis is a positive signal, supporting investors’ expectation that banks will reduce lending rates,” said Luu Hai Yen, an analyst at Thang Long Securities Joint-Stock Co. in Hanoi.


The yield on the benchmark five-year notes fell three basis point, or 0.03 percentage point, to 12.42 percent today, according to a daily fixing from banks compiled by Bloomberg.


The dong was steady at 20,832 per dollar as of 3:48 p.m. in Hanoi, according to data compiled by Bloomberg. The central bank fixed the reference rate at 20,628 today, according to its website. The currency is allowed to trade up to 1 percent on either side of the rate. (Bloomberg)


http://www.vietfinancenews.com/2011/09/bonds-gain-on-speculation-banks-to.html#more


*****************
"WHEN THE POWER OF LOVE OVERCOMES THE LOVE OF POWER, THE WORLD WILL KNOW PEACE"
lexie
lexie
Elite Member
Elite Member

Posts : 1812
Join date : 2011-06-24

View user profile

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You can reply to topics in this forum