Business And Markets

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.


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