Yesterday, for the first time in nearly two months the State Bank of Vietnam issued no new treasury bills, VN Express is reporting. The publication does not speculate as to why that might be.
That said, the US dollar experienced a sharp drop earlier this week against the Vietnamese dong as a result of a drop in treasury yields in the US. This relieved some of the pressure on the SBV to intervene to stabilise the local currency. This is likely only temporary, however, with a 400-point gap between US and Vietnam interest rates and t-bills issued last month continuing to expire–yesterday this was to the tune of more than US$819 million.