Fixed income
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....
13
January
SBV back to withdrawal as DXY surged
This week, the SBV significantly withdrew liquidity after injections in previous weeks, as the USD strengthened further. As a result, the interbank yield curve experienced a notable increase in short...
07
January
SBV injects liquidity at year start
This week, the SBV injected a modest amount of liquidity as exchange rate pressures eased. As a result, the interbank yield curve experienced a sharp decline in short tenors, signaling...
30
December
SBV injects significantly to ease year-end liquidity pressure despite amplified USDVND strain
In the final week of 2024, the SBV injected significant liquidity as interbank rates surged sharply due to year-end demand. However, this action, combined with external global macro factors, has...
23
December
SBV strengthens liquidity withdrawal amid amplified USDVND pressure
This week, the SBV strengthened liquidity withdrawal as exchange rate pressures intensified. As a result, the interbank rate curve shifted upward across most tenors following the SBV’s actions. On the...
16
December
SBV resumes liquidity injection
This week, the SBV resumed liquidity injection as accelerating lending activities in year-end seems leave some pressure on the liquidity condition of the banking system. The interbank rate curve drifted...
09
December
SBV strengthened liquidity withdrawal as USDVND regains
This week, the SBV intensified liquidity withdrawal by issuing 14-day T-bills as interbank rates declined notably amid strong exchange rate pressures. Specifically, the overnight rate rebounded to nearly 4% after...
Featured Analysis
Derivatives: Caution prevails
Derivatives: New high formed
Market commentary: Mild volatility
Derivatives: Caution returns
Market commentary: Continued uptrend
PPC – Earnings review – [HOLD] – 1Q25: The profit remains weak
Market traders: Domestic institutional trading activity surged
