SEO Sees ‘No Need’ to Raise Bond Yields

The Economy Ministry has no plans to raise bond yields to make the bond market attractive, the managing director of the Securities and Exchange Organization said.
Mohammad Ali Dehqan-Dehnavi said the ministry wants to control the returns and maintain it at present levels, the Securities and Exchange News Agency reported.
“There is no plan for raising the rates and investors’ concern in this regard is not justified,” Dehqan-Dehnavi said.
The Central Bank of Iran complained earlier that low yields and long maturity dates were undermining the bond market and keeping investors away from auctions to sell government bonds to plug the unending budget deficits.