Vietnam Bonds Rise on Speculation Inflation Easing; Dong Drops
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Vietnam’s bonds rose, pushing yields to near a seven-week low, on speculation inflation is easing. The dong weakened.
The consumer price index will rise 1.2 percent to 1.4 percent in June from the month before, Thoi Bao Kinh Te Vietnam newspaper reported yesterday, citing Nguyen Tien Thoa, head of price control at the Ministry of Finance. Prices increased 2.2 percent in May from April. The State Treasury sold five-year bonds to yield 12.30 percent on June 16, lower than a yield of 12.65 percent at the previous auction on June 9, according to the Hanoi Stock Exchange.