Appetite for Gov't Bonds Fading

Aversion to government bonds was visible at the auction on Tuesday for the eight straight round. 
The government hardly sold 1.4 trillion rials ($5 million) to investors out of the total 48 trillion rials on offer. 
Four banks put in bids worth 4.4 trillion rials but the Economy Ministry approved 998 billion at 21.3% for three-year maturity and 378.2 billion at 20.4% for bonds with two-year maturity.