Fixed Income October 2015 - Efforts to jumpstart bond issuance gain traction
  • 2015-10-16T00:00:00
  • Fixed Income
Demand at bond auctions recovered as the Treasury finally nudged up winning yields for the 5Y tenors. The success ratio rebounded to 39% from last month’s record-low of 16%. Helping the effort was the strengthening of the VND by 0.5% since the end of Sep, following aggressive policy moves by the central bank to curb USD hoarding and speculation.