The State Bank of Viet Nam issued bills worth VND29 trillion (US$1.27 billion) last week, according to a report from the Saigon Securities Incorporation (SSI)’s retail research division.

The yield of the bill was low at 0.28 per cent, the report said.

Despite the issue, the banking system’s liquidity has shown no signs of pressure, SSI analysts said.

Owing to good liquidity, the overnight rate in the inter-bank market has been going down consistently, closing last week at 0.45 per cent, down 5 basis points against the previous week.

In the Government bond market, last week, seven-, 10- and 15-year bonds worth VND3 trillion were offered. Of that, all VND1 trillion worth of seven-year bonds with a yield of 5.1 per cent against 5.25 per cent in the previous session were issued successfully.

Ten- and 15-year bonds worth VND700 billion and VND800 billion, respectively, were also issued. — VNS