Iran Gov’t Bond Yield Edges Up

The government sold Murabaha bonds worth 79 trillion rials ($343 million) in the weekly bond auction Tuesday, marking the highest bond sale since the auctions commenced in May. 
The upsurge is apparently linked to the increase in yield the government is willing to pay on bonds. In Tuesday’s auction, the Economy Ministry agreed to pay yields subject to maturity dates. The highest was 19.2% for bonds that mature in August 2023. 
Value of bonds sold at this yield stood at 29.9 trillion rials, or  for 37% of the total bonds sold for the day, indicating that bonds at this rate were more attractive than those with lower yields but with shorter maturity dates.