Thursday, June 14, 2007

Vietnamese Bonds Have Longest Drop in Two Months; Dong Weakens for 2nd Day

(Bloomberg) -- Vietnamese benchmark bonds fell for a
fifth day, the longest decline in almost two months, on
speculation that banks are cutting purchases.

Yields have risen 10 basis points, or 0.1 percentage point,
from 7.1 percent a week ago as some banks said they sold debt
holdings to meet a central bank requirement for higher reserves.
Lenders typically put excess money in fixed-income securities.


Read more at Bloomberg Bonds News

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