Vietnam Central Bank Issues VND3.2Tln T-bills on Nov 7; Interbank Rates Fall

The State Bank of Vietnam (SBV) sold VND3.2 trillion worth of Treasury bills to withdraw liquidity from commercial banks through open market operations (OMO) on Nov 7, the local newswire reported, citing Reuters’ data.

Specifically, the central bank issued VND2 trillion 56-day bills at 5.9%; and VND1.2 billion 91-day securities at 6.8%.

The SBV also pumped VND322 billion via repo operations at 8% p.a. for 7-day window and withdrew VND204 billion yesterday [Nov 7], resulting in the net injection of VND118 trillion on OMO.

The benchmark 5-year bond yield inched up 0.01% to 10.11%, according to a daily fixing from banks compiled by Bloomberg.

On the interbank market, overnight and 1-week rates fell to 2.7-3.2% p.a. while interest rates for 1-month loans dropped to 4-4.7%.

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