The Vietnam State Treasury (VST) raised only VND5.4tn (USD233mn) of G-bonds out of VND21.8tn (USD948mn) offered, a drop of 34% MoM while the wining rate plunged to 20.6% from 63.3% in September. As of October 31, 10Y and 15 primary yields rose to 5.0% (+20 bps MoM) and 5.1% (+10 bps MoM), while the 5Y yield was quoted at 4.2%, up 70 bps since the latest auction in August.