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Demand outstrips supply for five-year bonds
Demand for government five-year bonds is higher than supply as no investors are selling the notes, Bui Thi Hoa Hong, manager of investor sales at Citibank, Ho Chi Minh City, said.
“Commercial banks with more money now also want to buy more bonds,” she said.
“There are more offers of shorter-term debts.
“Some Vietnamese investors who bought bonds from foreign investors in May at a high yield don’t want to sell their debts now because the yield has dropped.
“Yields for the five-year bonds will decline because of supply shortage. Yield this week will stay moderate, from 17-19 percent.
“Investors still have a wait-and-see attitude even though market sentiment is a little improved with June’s slower inflation rate than May’s.
“It is still difficult to buy dollars from the banks. The bond market is quiet with very few successful transactions. It is good enough investors are not selling bonds in bulk.’’
Thanhnien
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