Bond yields remained stable on both the primary and secondary markets. Total G-bonds issued in May decreased slightly by 5% to VND11.9tn (USD519mn), but the winning rate still remained high at 70% vs 68% last month. Through May, the Vietnam State Treasury (VST) issued VND94tn (USD4.1bn) of G-bonds, which fulfilled just 36.1% of its 2019 issuance plan. Yields in both the primary and secondary markets remained roughly unchanged.