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Old 08-26-2011, 03:09 AM   #1
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Default or 0.03 percentage point

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The State Bank of Vietnam lifted its repurchase rate to 14 per cent from 13 per cent on May 4,mercurial vapor, the fifth increase this year,ralph lauren pas cher, as it grapples with the fastest inflation in more than two years. The government has lowered the target for credit growth and ordered a tighter monetary policy as it strives to restrain inflation and stabilise the nation's currency.
The yield on the five-year bond rose three basis points,polo ralph lauren, or 0.03 percentage point,nike mercurial, to 12.77 per cent,chaussure louboutin, according to a daily fixing price from banks compiled by Bloomberg.


The consumer price index rose 17.51 per cent in April from a year earlier,chaussures football, the most in 28 months.
Hanoi: Vietnam's five-year bonds dropped on speculation the prospect of an interest-rate increase is cooling demand for the securities.

"Buyers are requiring higher yields in order to compensate for interest-rate risks," said Nguyen Duy Phong,polo ralph lauren, an analyst at ACB Securities Inc. in Ho Chi Minh City. "Low liquidity in the banking system seems to be another reason for the bond market's unattractiveness as lenders find it hard to invest in long-term bonds."
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