UK Gilt Auction Fails

by Marilou Long on March 25, 2009

in Bonds,Credit Crisis

Bond buyers backed away from the UK’s $1.75 billion pound auction of 40 year Gilts(government bonds) today.  This is the first failed auction for the UK since 2002.  Our Congress needs to take note.  Trillion dollar deficits do not attract investors.  China has already signaled that they were worried about US deficits, and they are one of the largest buyers of US Treasuries.

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