Higher Yields Fail to Entice Bond Buyers

The government bond sale stumbled again on Tuesday as banks refused to partake and purchase of stock market investors was insignificant.  
Total bonds sold by the Central Bank of Iran was barely six trillion rials ($20 million) from the 58 trillion rials ($195m) on offer.
Buyers were retail and institutional investors in the bourse while banks preferred to stay away for the second week in a row.