Gov't Bonds Make a Comeback

After weeks of dull trade Iran's debt market saw renewed interest for government bonds. On Tuesday it sold bonds worth 54.7 trillion rials ($210 million) at the weekly auction held by the Central Bank of Iran, the CBI said in a press release.
The sale was the highest in the past eight weeks as the CBI on average sold 4 trillion rials ($16 million) in bonds in eight weeks.
Starting in May, the auctions are held to raise funds to help the government plug its budget deficits. In dire need of new sources of funding, the government had failed to find buyers for its debt over two months.