HNX held 17 auctions of Government bonds for the State Treasury, with a total winning volume of VND 23,269 billion, equivalent to a winning rate of 75.06% of the bid value...
Specifically: in May 2023, the Hanoi Stock Exchange (HNX) held 17 auctions of Government bonds for the State Treasury (State Treasury), with a total winning volume of VND 23,269 billion, equivalent to VND 23,269 billion. winning rate reached 75.06% of the bid value.
Accumulated in the first 5 months of the year, the State Treasury has mobilized 162,952 billion VND, reaching 48.4% of the plan to issue in the second quarter and 40.74% of the plan in 2023, especially an increase of 188.4% over the same period last year. 2022.
In May, the State Treasury called for bids for 5 terms including 5 years, 10 years, 15 years, 20 years and 30 years, in which the issuance proportion reached the highest at 15-year and 10-year tenors, respectively. 43.4% and 32.1% of the total issuance volume for the month.
Notably, the winning interest rate continued its downtrend in all terms, with a decrease of 27 to 35 basis points compared to the last session of April. At the last auction in May, the winning interest rate tender for terms of 5 years, 10 years, 15 years, 20 years and 30 years respectively 2.4%; 2.95%; 3.05% , 3.19% and 3.4%.
Bond secondary trading in May had a total trading value of 132,568 billion dong, averaging 6,628 billion dong/session, up 1.43% from the previous month, of which Outright transactions accounted for 56.69% of total trading value. Transaction of the whole market, the rest is repos transaction.
The average trading yield of government bonds issued by the State Treasury decreased the most in terms of 25 years, 25-30 years and 7 years, down 36.49% respectively; 22.77% and 14.58% compared to the same period last month, currently reaching the average interest rate of about 3.44% respectively; 3.826% and 2.76%. Meanwhile, 20-25 year government bonds have a trading yield that increased by 1.09% over the same period last month, and is currently reaching an average yield of about 4.35%.
In terms of trading tenor, medium and long term tenors are the most traded terms in the whole market, whereby the most traded in a month are 10 year, 15 year, and 10-15 year tenors. the proportion compared to the total trading value of the whole market is 25.75%, respectively; 18.02% and 11.40%.
In May, commercial banks accounted for the proportion of transaction value compared to the whole market, respectively 75.46% and securities sector accounted for 24.54%.