Fixed Income April 2014 - Sell bonds as loan growth resumes
  • 2014-04-16T00:00:00
  • Fixed Income
The State Bank of Vietnam (SBV) said FX reserves are up USD7.7bn in Q1-2014 while credit growth was still low at -1.05% YOY, hence why banks have ample liquidity and have been pushing yields lower in the past months. However, bond investors over the past few weeks have hesitated to bid on the primary market as there’s a fear yields might have bottomed.