In January 2023, the Hanoi Stock Exchange (HNX) held 8 auctions of Government bonds to serve the capital mobilization activities of the State Treasury.
The total volume of winning bonds reached VND 32,832 billion, equivalent to the winning rate of 96.56%, reaching 30.40% of the first quarter issuance plan and 8.21% of the Treasury’s 2023 issuance plan. Government.
Bonds issued in January have tenor and 15-year terms, with weights of 49.74% and 50.26% respectively.
Winning interest rate of government bonds issued by State Treasury Issued at 10-year and 15-year terms decreased continuously over the sessions, at the end of the month, deposit interest rates for 10-year and 15-year terms were 4.36% and 4.56%, respectively. 29 points and 24 basis points compared to the last session of the previous month.
[Năm 2023 sẽ đấu thầu 400.000 tỷ đồng trái phiếu Chính phủ]
Thus, after a period of continuous increase in deposit interest rates from February 2022 until now, reaching the highest level of 4.9% per year in December 2022, there has been a tendency to decrease again in January 2023. .
Secondary trading market Government bonds January 2023 had a total transaction value of 65,790 billion dong, averaged 3,549 billion dong/session, down 9.48% compared to December 2022; in which, normal trading (Outright) accounted for 53.74% of the total transaction value of the whole market, the rest was repurchase transaction (Repos).
The average trading yield of government bonds issued by the State Treasury increased the most in terms of 15-20 years and 1 year, currently reaching an average yield of about 4.91% and 4.1% respectively. ,50%; The biggest declines are in 2-year and 20-25 year tenors, currently reaching average yields of about 4.17% and 5.01% respectively, showing the opposite up and down trend of instrument trading yields. in debt.
In terms of terms, medium and long-term tenors are the most traded tenors in the whole market, concentrating on tenor, 7-10 year, and 10-15 year tenors with the proportion of 20 years, respectively. ,18%; 19.11% and 12.85%.
For Outright transactions, terms of 7-10 years, 10 years and 20-25 years have the largest proportion of transactions. For repos trading, 10-15 year and 10 year tenors are traded the most.
The above statistics show that the market mainly trades medium and long-term debt instruments of 7 years or more.
Van Giap (VNA/Vietnam+)