VCSC Daily - Markets gain on expectations of lower interest rates - Trade deficit for Feb estimated at USD 800 million

Market Commentary

23 Feb 2012

The Vietnam Development Bank successfully issued VND4tn of 3 and 5-year bond on market high market uptake. The winning yield also saw a significant decrease, dropping roughly 40bps from 12.09%-12.2% to 11.8%. The recent successes in bond issuance were mostly thanks to improved banking liquidity while the decrease in bond yield continues to signal of potential lower interest rate in the near future. Upward momentum continued to advanceon broader market excitement despite the retracement on global

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