Wednesday, June 6, 2007

Vietnam Bonds Fall on Signs Banks Are Cutting Debt Purchases; Dong Gains

(Bloomberg) -- Vietnamese bonds fell, pushing up
yields on benchmark notes from a seven-week low, on signs that
banks are reducing purchases.

The central bank asked commercial lenders from June 1 to
raise the amount of money they keep on reserve as the central bank
attempts to reduce liquidity in the financial system. The increase
leaves banks with less cash to put into the bond market.


Read more at Bloomberg Bonds News

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