Demand for G-bonds weakened as inflation increased in August and could extend to September due to rising education costs in HCMC and carried-over effects of utility prices hikes in August. The curve flattened with yields jumping on the short-end. Despite that, the Treasury did not raise the floor winning yields for the primary market. Until now, the government has only issued 41% of the quarterly plan, potentially adding pressure for the auctions held in the last two weeks of Q3.