G-bond issuance surges in February 

- Despite the G-bonds supply dropping 24.4% MoM in February, G-bonds issuance surged 44.4% MoM to VND28.2tn (USD1.1bn) due to higher demand. As a result, the issued-to-offered rate surged to 95.5%, from 50.0% in January.

- At end-February, 5Y, 10Y, and 15Y yields in the primary market all inched up 3.0 bps to 1.42%, 2.31%, and 2.51%, respectively.

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