Fixed income
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...
20
January
SBV resumes liquidity injection ahead of Trump’s inauguration
This week, the SBV resumed liquidity injection after significant withdrawals in the previous week as exchange rate pressures eased. The interbank yield curve declined, with sharper drops in shorter tenors....
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