First Failed U.K. Bond Auction Since 2002
March 26, 2009 at 10:32 AM EDT
Bloomberg: The U.K. failed to find enough buyers for 1.75 billion pounds ($2.55 billion) of bonds for the first time in almost seven years as debt investors repudiated Prime Minister Gordon Brown’s plan to stem the worst economic crisis in three decades. Gilts slumped after the London-based Debt Management Office,…