Bao Viet Securities Joint Stock Company (BVSC) has just released Bond Newsletter, saying that last week (May 28-June 1), the T-bill channel was less exciting as the State Bank did not have any new injection.
Meanwhile, the capital matured via this channel touched 1.7 trillion dong. As such, last week, the State Bank net injected 1.7 trillion dong via T-bill channel.
The net injection over the last two weeks shows that the system’s liquidity is somewhat narrower than the previous weeks.
On the interbank market, interest rates tend to increase sharply. Specifically, the average interbank interest rates last week tended to improve slightly for overnight, one week and two week terms with the range of 0.18 percent-0.22 percent.
The average interest rate for overnight term swelled 0.18 percent, to 1.68 percent/annum while that for one week term only developed 0.22 percent, to 1.69 percent/annum, and that for two-week term improved 0.22 percent, to 1.87 percent/annum.
On the foreign currency market, the exchange rate at commercial banks tended to soar. Last week, the average exchange rate at commercial banks tended to surge (47.8 dong) compared to the previous week, reaching more than 22,813 dong/US dollar.
Meanwhile, the central exchange rate slightly increased (0.9 dong), to more than 22,590 dong/US dollar.
In the world market, the USD Index tended to climb (0.417 percent) compared to other major currencies ( euro, JPY, GBP, CAD, SEK, CHF), hitting 94 points.
