G-bonds supply dropped significantly, but high liquidity in the banking system helped the State Treasury to uphold a weekly average winning rate of 76%.Yields of G-bonds in the primary market were stable from the previous reviewed period, with 10Y and 20Y yields sliding slightly, while yields of other tenors remained unchanged. Supply of government-backed bonds was more than four times the previous period. However, only VND2.53 trillion (USD113 million) of government-backed bonds were