VCSC Daily - Expectation of lower interest boosts sentiment on both markets – Look for the ETF trade

Market Commentary

02 Dec 2011

This week, the successful bidding rate of government bonds went up to 15% compared to only 5% in the last 3 weeks with the successful yield of the 3 year bond at 12.1%, indicating market expectations on possible lower interest. This lifted both indexes today. The VNIndex stood out with a rather high gain of 3.78 points up 1% while the HNXIndex had a smaller gain of 0.5 points up 0.82%. If December CPI comes in at 0.5-0.6% MoM, the inflation target of 18% can be achievable and interest is likely

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