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With the dong strong, spread wide w/ neighbors. Look at the 10yr gov bond yield between Indonesia & Vietnam govies: WIDE! 566bps!!!
Btw, Vietnam is junk & Indonesia is investment grade asset! https://twitter.com/Trinhnomics/status/1250238319046184961
Btw, Vietnam is junk & Indonesia is investment grade asset! https://twitter.com/Trinhnomics/status/1250238319046184961
Spread wide w/ India too!! Also investment grade quality govies vs Vietnam's junk.
Spread less wide w/ the Philippines but sizeable: the Philippines is investment grade quality too while Vietnam is junk!
With Malaysia too: Spread widening!!! Look at that - Malaysia is very high quality sovereign when it comes to Vietnam's junk!
What???? Spread widening vs China too?? Man, China is at a pretty high pecking order when it comes to sovereign rating status vs Vietnam's junk.
Btw, when Vietnam & China had their spat in 2014, Vietnam's junk rating status was highlighted by the Chinese gov & said it's junk!
Btw, when Vietnam & China had their spat in 2014, Vietnam's junk rating status was highlighted by the Chinese gov & said it's junk!
But sorry, not versus Thailand, although the spread b/n Vietnam and Thailand narrowing. Used to be le wide!!!
So what do these charts tell you?
So what do these charts tell you?
It tells you this: LIQUIDITY IS KING!
And yes, dong is le strong, for now. Btw, look at the peso & the Taiwan dollar, pretty strong too, relatively...
And yes, dong is le strong, for now. Btw, look at the peso & the Taiwan dollar, pretty strong too, relatively...
