Germany and Vietnam raise billions in Octoberâs bond market surge
October saw significant activity in government bond markets, with notable auctions in Germany and Vietnam. The German Finance Agency raised a substantial amount, while the Hanoi Stock Exchange held multiple auctions, attracting foreign investors.
In Germany, the largest government bond auction of October was held by the Deutsche Finanzagentur. On October 29, 2025, they raised an impressive âŹ4.543 billion from a federal security auction.
The focus of these auctions was on bonds with maturities of 5, 10, 15, and 30 years, with 10-year bonds making up a significant 65.3 per cent of the issuance.
Meanwhile, in Vietnam, the Hanoi Stock Exchange (HNX) held 20 government bond auctions throughout October. These auctions raised a total of over VNÄ27.7 trillion (US$1.1 billion).
Foreign investors played a role in Vietnam's stock market, with their trading representing 3.54 per cent of the total market turnover. They made a net purchase of VNÄ280 billion during the month.
The total listed value of government bonds on the secondary market in Vietnam reached VNÄ2.47 quadrillion as of October 31, marking a 0.8 per cent increase from the previous month.
Winning yields at the final October auctions saw a slight increase across all tenors compared to the end of September. Outright transactions dominated the trading value, accounting for 72.3 per cent, while repos made up the remaining 27.7 per cent.
Looking at the year-to-date figures, the total sum raised from government bonds in the first ten months of 2025 reached VNÄ283.43 trillion. This amount fulfilled 56.69 per cent of the yearly plan.
October's government bond auctions and trading activities indicate a robust market, with significant funds raised in both Germany and Vietnam. The involvement of foreign investors in the stock market and the steady increase in the total listed value of government bonds on the secondary market suggest a positive outlook for the bond market in the region.
