Investors Unwilling to Return to Bond Market

Government bonds again failed to attract buyers at this week’s auction on Tuesday as both in situational investors in the bourse and banks stayed away. 
According to Central Bank of Iran data posted on is website, hardly 461 billion rials were sold from the total 58.6 trillion rials ($218 million) on offer.     
One bank was the buyer with retail and institutional investors fully absent. The latter group of investors were the main buyers of bonds in recent weeks. However, fixed income investment funds had increased their debt purchase in the past few months.