Glimmer of Hope in Bond Market

The government sold bonds worth 48.8 trillion rials ($195 million) at an auction on Tuesday – a sizable growth compared to previous auctions. 
It was the highest weekly sale since Sept. 8 and a whopping 240% growth compared to previous week when the government generated 14.8 trillion rials ($58m).  
This week's auction, however, saw a decline in the contribution of banks and investment funds and an increasing share of security underwriters. 
Five banks bought bonds worth 11.5 trillion rials ($46m) in the interbank market. Outside the auction process, retail and institutional traders bought a total 2.5 trillion rials at the stock market, according to data published on the Central Bank of Iran website.