“The rate declines in the money-market meant liquidity has increased at banks,” said Pham Phuong Lan, Hanoi-based head of fixed-income and currency trading at the Bank for Investment & Development of Vietnam, the nation’s second-biggest lender.

The yield on the five-year security dropped four basis points to 10 percent, according to a daily fixing price from about 10 banks compiled by Bloomberg. A basis point is 0.01 percentage point.

The dong was at 17,834 per dollar as of 3 p.m. in Hanoi, compared with 17,833 Wednesday, according to prices from banks compiled by Bloomberg.

Source: Bloomberg