Bond Buyers Skeptical

The weekly bond auction held by the Central Bank of Iran tumbled on Tuesday after doing relatively well last week.
Total sale this week reached 16.4 trillion rials ($66 million), down 66% compared to last week. Bonds were sold to three banks who put in bids worth 8.1 trillion rials ($32m) at yields varying from 20.5% to 21.5%, respectively, for two and three-year maturity bonds. 
Outside the auction process, retail and institutional traders bought 8.3 trillion rials at the stock market, according to data seen on the Central Bank of Iran website.