Vietnam 

Central bank issues treasury bills for the first time in five months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Liquidity in the interbank market has been abundant, helping the State Bank of Việt Nam (SBV) resume the issuance of treasury bills after five months to withdraw Vietnamese đồng from the banking system. Reports from Saigon Securities Incorporation (SSI) showed the SBV withdrew VNĐ17 trillion (US$729.6 million) via the issuance of seven-day bills at interest rate of 3 per cent per year. In addition, the central bank also net withdrew another VNĐ6.4 trillion via open market operation (OMO). According to…

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Vietnam 

ACB may sell treasury shares to raise capital: HSC – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Asia Joint Stock Commercial Bank (ACB) plans to propose shareholders approve its plan to sell 41.4 million treasury shares to raise charter capital. — Photo ACB Viet Nam News HÀ NỘI — Asia Joint Stock Commercial Bank (ACB) plans to sell treasury shares to raise charter capital in 2019. According to the bank’s financial report 2018, there are 41.42 million treasury shares at present. HCM City Securities Corp (HSC) said in a recent note that the bank will likely sell those treasury shares to improve its…

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Vietnam 

Petrolimex attempts to sell 12 million treasury stocks again – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Petrolimex currently holds more than 135 million treasury stocks, equivalent to 10.44 per cent of its capital. — Photo vnmedia.vn Viet Nam News HÀ NỘI — Việt Nam National Petroleum Group (Petrolimex) has made a second attempt to sell 12 million treasury stocks, equivalent to 1 per cent of its charter capital, from February 27 to March 28. The first sale effort was made in January but it failed to sell these stocks due to inappropriate market conditions, according to the company. Petrolimex currently holds more than…

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Vietnam 

State Treasury raises nearly $265m via G-bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Some VNĐ5.5 trillion worth of G-bonds were offered in the Government bond auctions on Wednesday. — Photo vietnambiz.vn Viet Nam News HÀ NỘI — The State Treasury of Việt Nam mobilised nearly VNĐ6.2 trillion (US$265 million) through Government bond auctions on the Hà Nội Stock Exchange (HNX) on Wednesday. Some VNĐ5.5 trillion worth of G-bonds were offered, including seven-year bonds valued at VNĐ2 trillion; 15-year bonds valued at VNĐ3 trillion and 30-year bonds valued at VNĐ500 billion. The State Treasury raised VNĐ1.3 trillion worth of seven-year bonds with average yield rate of…

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Vietnam 

State Treasury raises $470m via G-bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

From the beginning of this year, the State Treasury has mobilised more than VNĐ24.2 trillion through G-bonds. — Photo thoibaonganhang.vn Viet Nam News HÀ NỘI — The State Treasury of Việt Nam mobilised VNĐ11 trillion (US$470 million) through Government bond auctions on the Hà Nội Stock Exchange (HNX) on Wednesday. Some VNĐ7.5 trillion worth of G-bonds were offered, including five-year bonds valued at VNĐ1 trillion; 10-year and 15-year bonds each valued at VNĐ3 trillion and 20-year bonds valued at VNĐ500 billion. The State Treasury raised VNĐ1 trillion worth of five-year bonds…

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Vietnam 

State Treasury raises $7.09 billion via G-bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

In 2018, the State Treasury of Việt Nam mobilised nearly VNĐ165.8trillion (US$7.09 billion) through Government bond auctions on the HNX. — Photo cafef.vn Viet Nam News HÀ NỘI — The State Treasury of Việt Nam mobilised nearly VNĐ165.8trillion (US$7.09 billion) through Government bond auctions on the Hà Nội Stock Exchange (HNX) in 2018. In the last session of Government bond auctions this year on December 26 at the HNX, the State Treasury mobilised VNĐ4.31 trillion of G-bonds. Some VNĐ10 trillion worth of G-bonds were offered, including 10-year bonds and 15-year…

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China 

Donald Trump expresses confidence in ‘very talented’ Treasury Secretary Steven Mnuchin despite market slide

US President Donald Trump expressed his confidence in Treasury Secretary Steven Mnuchin, who is struggling to contain his first real crisis but has failed to satisfy investors unnerved by turmoil in Washington. Trump said that Mnuchin is a “very talented guy, very smart person”, but complained again about the US Federal Reserve and its chairman Jerome Powell, saying that “they’re raising interest rates too fast.” After weeks of sliding stock prices, Mnuchin convened an emergency meeting with top financial regulators on Monday, following a call with executives from six major…

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Vietnam 

State Treasury raises over VNĐ5.2 trillion via G-bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The State Treasury has mobilised nearly VNĐ142.55 trillion through Government bonds issued on the HNX this year. — Photo vietnambiz.vn Viet Nam News HÀ NỘI — The State Treasury of Việt Nam mobilised VNĐ5.2 trillion (US$222.22 million) through Government bond auctions on the Hà Nội Stock Exchange (HNX) on Wednesday. Some VNĐ4.5 trillion worth of G-bonds were offered, including five-year bonds valued at VNĐ500 billion and 10-year and 15-year bonds each valued at VNĐ2 trillion. The State Treasury raised VNĐ2 trillion worth of 10-year bonds with an average yield rate of 5.1 per…

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Home 

Why investors are turning to 3-month Treasury bills and other cash assets over the hunt for yield

One of the big trends in financial markets since the 2008 financial crisis has been the “reach for yield” by income-starved investors. Years of aggressive quantitative easing by the world’s leading central banks caused yields on benchmark government bonds to fall to pitifully low levels. By August 2016, the pool of sovereign and corporate debt trading with a yield below zero had reached almost US$13.5 trillion, amounting to nearly a third of the global stock of bonds, according to data from Fitch Ratings, a credit-rating agency. The fierce compression in…

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Vietnam 

State Treasury raises over VNĐ3.6 trillion via G-bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

So far this year, the State Treasury has mobilised nearly VNĐ137.35 trillion through Government bonds issued on the HNX. — Photo hanoimoi.com.vn Viet Nam News HÀ NỘI — The State Treasury of Việt Nam mobilised VNĐ3.656 trillion (US$156.24 million) through Government bond auctions on the Hà Nội Stock Exchange (HNX) on Wednesday. Some VNĐ4.5 trillion worth of G-bonds were offered, including five-year bonds valued at VNĐ500 billion and 10-year and 15-year bonds at VNĐ2 trillion each. The State Treasury raised VNĐ1.946 trillion worth of 10-year bonds with an average yield rate of 5.1…

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