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Vietnam Bonds Decline as Inflation Accelerates to 29-Month High

Vietnam’s three-year bonds declined, pushing yields to the highest level since November 2008, after inflation accelerated to a 29-month high in May. The dong gained.

Prices rose 19.78 percent from a year earlier, compared with 17.51 percent in April, according to data released by the General Statistics Office in Hanoi today. That’s the quickest pace since December 2008.