Vietnam One-Year Bonds at 2009 High on Rate Outlook; Dong Falls
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Vietnam’s one-year bonds advanced, pushing the yield to the lowest level in nearly three years, on speculation the central bank will continue to cut interest rates to spur the economy. The dong weakened.
The planning ministry said today that growth may drop to as low as 5.2 percent in 2012, the least in more than a decade. The central bank last week cut interest rates for the third month in a row after official data showed inflation eased to 8.3 percent, the slowest pace since 2010.