Economics
Vietnam Dollar Bonds Lead Region as Kokusai Sees Recovery
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Vietnam’s dollar bonds are beating their Southeast Asian peers as the region’s highest yields attract investors confident the government can revive an economy growing at the slowest pace in 13 years.
The notes have returned 5.5 percent in 2013, well ahead of the next best gain of 1.3 percent in Thailand, according to bond indexes compiled by HSBC Holdings Plc. The average extra yield investors demand to hold Vietnamese debt over similar-maturity Treasuries is 320 basis points, compared with 270 in Indonesia and 211 in the Philippines.