(Bloomberg) -- Vietnam's five-year benchmark bonds
fell for a third day on speculation banks sold some of their
debt holdings to meet a central bank requirement for higher
reserves.
The State Bank of Vietnam on June 1 asked commercial
lenders to raise the amount of money they keep on reserve in a
bid to reduce liquidity in the financial system. The increase
left banks with less spare cash to buy government debt.
Read more at Bloomberg Bonds News
fell for a third day on speculation banks sold some of their
debt holdings to meet a central bank requirement for higher
reserves.
The State Bank of Vietnam on June 1 asked commercial
lenders to raise the amount of money they keep on reserve in a
bid to reduce liquidity in the financial system. The increase
left banks with less spare cash to buy government debt.
Read more at Bloomberg Bonds News
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