Fixed income
24
March
Exchange rate pressure reignites ahead of reciprocal tariffs plan
This week, the SBV shifted to liquidity withdrawal, albeit at a modest level, while USDVND pressure returned. Interbank rates steepened, with short-term rates ticking up while longer-term rates declined. On...
17
March
SBV begins to enact its stimulus measures
This week, the SBV shifted to injecting liquidity into the banking system, primarily through repos while continuing to halt T-bill issuance, as USDVND remained stable. Interbank rates diverged, with short-term...
10
March
Interbank rates drop on SBV’s repo rollover
This week, the SBV continued to withdraw liquidity, albeit at moderate level by rolling over a sufficient amount of repos to mitigate the impact, while USDVND cooled down. As a...
03
March
SBV moderately withdraws liquidity while USDVND pressure extends
This week, the SBV continued to withdraw liquidity, albeit at a moderate level, while USDVND maintained its rally. The interbank yield curve shifted upward, with shorter tenors experiencing sharper increases....
24
February
SBV continues to withdraw liquidity amid ongoing exchange rate pressures
This week, the SBV continued to withdraw liquidity as the banking system remained abundant following the fading post-Tet effect, while USDVND maintained its upward trajectory. Specifically, with easing liquidity pressures,...
17
February
SBV withdraws liquidity amid escalating USDVND pressure
This week, the SBV returned to liquidity withdrawal as post-Tet effects faded, while USDVND surged. Specifically, with easing liquidity pressures, the interbank rate curve shifted downward this week. On the...
10
February
SBV supports liquidity amid escalating USDVND pressure after Tet
This week, liquidity tensions emerged in the money market after the Tet holiday, with interbank rates rising significantly. In response, the SBV injected liquidity to ease pressure despite escalating USDVND...
03
February
SBV supports liquidity before Tet holiday
This week, the SBV injected a significant amount of liquidity to ensure money supply for the Tet holiday as exchange rate pressures eased further. The interbank yield curve flattened, with...
24
January
December 2024: Easing Pressure
In December 2024, traded values of corporate bonds rose to VND140tn (+29% mom, +60% yoy). The Banks and Real Estate sectors accounted for 31/48% of the total traded volumes (-12%p/+16%p...
Featured Analysis
Derivatives: Selling signal?
Market commentary: Cash flow returning?
Derivatives: Maintaining the uptrend
Derivatives: Breakout session
Market commentary: Positive performance
Exchange rate pressure reignites ahead of reciprocal tariffs plan
Covered warrant: Capital flows support the market
