Vietnamese bonds decline ahead of debt auction; dong strengthens

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Vietnam's two-year bonds fell for the first time in three days ahead of a government debt auction. The dong strengthened.

The State Treasury will offer 3 trillion dong ($143 million) each of two-, and three-year notes today, according to a statement on the Hanoi Stock Exchange's website.

The yield on the two-year bonds climbed four basis points, or 0.04 percentage point, to 8.35 percent, according to a daily fixing from banks compiled by Bloomberg. The five-year yield added three basis points to 9.32 percent.

The overnight interbank deposit fixing rose 53 basis points to 2.43 percent, the highest level since Feb. 20, according to data compiled by Bloomberg.

The dong advanced 0.1 percent to 20,935 per dollar as of 5:11 p.m. in Hanoi, according to prices from banks compiled by Bloomberg. The central bank fixed the reference rate at 20,828, unchanged since Dec. 26, 2011, according to its website. The currency is allowed to trade as much as 1 percent on either side of the rate.

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