Yield of T-bills continues to fall to below 8pct/yr

20-Apr-2012 Intellasia | NDHMoney | 1:38 PM Print This Post

On open market operations (OMO) on April 19, the State Bank of Vietnam (SBV) sold one trillion dong worth of treasury bills for 28-day tenor at the yield of only 7.95 percent per annum (p.a.), falling from the yield of 8.25 percent p.a. on April 18.

For 91-day tenor, the central bank issued one trillion dong worth of T-bills at the yield of 10.5 percent p.a., lower than the yield of 10.69 percent p.a. in the previous day. For 182-day tenor, the central bank issued only 350 billion dong at the yield of 11.25 percent p.a.

Thus, in this week, the yield of T-bills for 1-month tenor decreased 2.3 percent and 3-month tenor saw a fall of 0.25 percent.

Although the yield continuously fell, many commercial banks still spent 8.852 trillion dong on buying these T-bills.

In the interbank market, on April 19, the overnight lending interest rate was offered at 5-5.5 percent p.a., 1-week at 5.5-6.5 percent p.a. and 1-month at 9-10.5 percent p.a.


Category: Finance

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