{"id":11909,"date":"2009-03-25T18:13:20","date_gmt":"2009-03-25T18:13:20","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/uk_gilts_slump_after_first_failed_bond_auction_since_1995\/"},"modified":"2009-03-25T18:13:20","modified_gmt":"2009-03-25T18:13:20","slug":"uk_gilts_slump_after_first_failed_bond_auction_since_1995","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11909","title":{"rendered":"U.K. Gilts Slump After First \u201d\u02dcFailed\u2019 Bond Auction Since 1995"},"content":{"rendered":"<p>U.K. gilts slumped after demand at an auction of bonds fell short of the amount offered, the first time the Treasury failed to attract enough bids at a sale of nominal debt in 14 years.<\/p>\n<p>Investors bid for 1.63 billion pounds ($2.4 billion) of the 40-year securities, less than the 1.75 billion pounds of 4.25 percent notes slated for sale, the U.K. Debt Management Office said today in a statement from London.<\/p>\n<p>\u201cBasically it\u2019s the first failed auction,\u201d\u009d said John Wraith, head of sterling interest-rate strategy at RBC Capital Markets in London. \u201cThey didn\u2019t receive enough to cover it all so the market has obviously sold off extremely heavily.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=aQGG.mWeZ4eU&#038;refer=worldwide\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. gilts slumped after demand at an auction of bonds fell short of the amount offered, the first time the Treasury failed to attract enough bids at a sale of nominal debt in 14 years. Investors bid for 1.63 billion<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11909\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,595,149,199,596],"tags":[],"class_list":["post-11909","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-credit-markets","category-economy","category-england-uk","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11909"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11909\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}