HCMC – Government bond auctions in July raised nearly VND25.86 trillion, with most sales in the 10-year and 15-year tenors, showed data from the Hanoi Stock Exchange (HNX).
HNX organized 20 auctions for G-bonds issued by the State Treasury last month. Bonds were offered in 5-, 10-, 15-, and 30-year maturities, with the 10-year and 15-year terms accounting for 84% and 11% of the total, equivalent to VND21.66 trillion and VND2.9 trillion, respectively.
At the final auction in July, winning yields stood at 2.75% for the five-year term, 3.29% for 10 years, 3.40% for 15 years, and 3.45% for 30 years. These rates were up by 16, 11, 13, and 5 basis points against late June.
On the secondary market, as of July 31, the total listed value of G-bonds reached VND2.41 quadrillion. The average daily trading value was VND15.71 trillion, down 6.15% from June. Foreign investors accounted for 4.27% of total market transactions, with a net purchase of VND298 billion.
Bond yields in the secondary market rose the most for the 3-5 year, 25-30 year, and 7-10 year tenors, while falling sharply for the 25-year, 5-7 year, and 15-year maturities.
Medium- and long-term bonds remained the most actively traded, particularly the 10-year, 5-year, and 7-10 year terms, which represented 20.86%, 15.6%, and 11.48% of total market turnover, respectively.
Commercial banks continued to dominate trading, holding 47.44% of outright transactions and 92.14% of repo deals in the G-bond market.
