The bond market again signaled unease as investors remain unimpressed despite rising yields as seen over the past several months.
The government managed to sell some bonds in the last weekly auction on Wednesday. As per a report seen on the Economy Ministry news website, bonds barely worth 9.42 trillion rials ($19.6 million) were sold.
The auctions are held by central bank on behalf of the Economy Ministry to raise funds for the government’s deficit spending. Buyers normally are banks, credit institutions, investment funds and institutional investors.
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