![]() HNX conducted 17 auctions of government bonds issued by the State Treasury
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Specifically, the bonds issued in May have tenors of 5, 10, 15, and 30 years, with a focus on the 10-year tenor, accounting for 83.8% of the issuance volume, equivalent to VND 15,131 billion. At the last auction of the month, the winning interest rates for the 5, 10, 15, and 30-year tenors were 2.41%, 3.08%, 3.20%, and 3.30%, respectively, increasing by 10, 3, 10, and 2 basis points compared to the last auction in April.
In the secondary market, the listing value of government bonds as of May 30, 2025, reached VND 2,367,448 billion. The average trading value in May reached VND 13,917 billion per session, up 11.22% from the previous month. Outright transactions accounted for 69.63% of the total market trading value, while Repos transactions accounted for 30.37%. Foreign investors’ transactions accounted for 3.26% of the total market trading value, with a net purchase of VND 284 billion.
The yield of government bonds increased the most in the 25-30 year and 3-year tenors, currently reaching an average yield of approximately 3.547% and 2.274%, respectively. The yield decreased the most in the 3-5 year and 5-7-year tenors, currently reaching an average yield of about 2.4829% and 2.6155%, respectively.
The medium and long-term tenors were the most traded in the market in May, with the 10-year, 5-year, and 10-15 year tenors being the most actively traded, accounting for 30.90%, 14.36%, and 14.02%, respectively, of the total market trading value. Commercial banks continued to dominate the government bond market in terms of transaction share, with Outright and Repos transaction values accounting for 49.81% and 84.52% of the market, respectively.
– 08:10 06/06/2025
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