UK Extends Bond Auction Bidding Window Due to Technical Issues

UK Extends Bond Auction Bidding Window Due to Technical Issues

The UK and European Union extended the bidding window for debt auctions on Wednesday in response to Bloomberg LP technical issues.

Government debt sale delayed over ‘Bloomberg system issues’

An auction of UK government debt was delayed on Wednesday after a Bloomberg system outage prevented traders from participating. In a statement the UK’s Debt Management Office (DMO) said: “Due to the ongoing market-wide Bloomberg system issues, the bidding window for this morning’s auction of 4 per cent Treasury Gilt 2031 is being extended.” A message on the Bloomberg helpdesk said: “We’re currently experiencing a global terminal issue, and our e…