- 2022-07-12T00:00:00
- Fixed Income
Winning rate improved as yields inched up
- G-bond issuance in June doubled to VND15.3tn (USD658mn) with a winning rate of 67.9% vs only 42.8% in May. In H1 2022, the total G-bond issuance was VND69.1tn (USD2.97bn), fulfilling only 17.3% of the full-year target.
- The high issuance target required the Vietnam State Treasury (VST) to raise yields to boost G-bond issuance, with yields of 10Y and 15Y bonds in the latest auctions in June rising 14 bps MoM to 2.48% and 2.78%, respectively.
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