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VCSC Daily - Investors betting on interest rate cuts

Markets rebound on expected interest rate cuts – Investors rushed to accumulate risky assets today, pushing up prices as word on the street spread of the SBV’s intention to lower the interest rates as soon as next week amid better than expected inflation. The rumour gathered steam as the yield on 1-year government bonds saw a significant drop, down 100bps from 9.5% last week to 8.5% yesterday, signalling the same expectations from bond traders for a drop in rates. As a result, the VNI jumped 2.