UK bond auction fails

[Guest guest]

Dear friends,

 

The UK government, like the US government, is having problems borrowing funds.

 

Earlier we have discussed the financial difficulties expected for the UK based on the authentic horoscope for the country based on the Act of Union

http://cosmologer.blogspot.com/2009/01/horoscope-of-united-kingdom.html

 

U.K. Bond Auction Fails for First Time Since 2002

March 25 (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, which manages bond auctions on behalf of the Treasury, said investors bid for 1.63 billion pounds of the 40-year securities. The last time the U.K. government was unable to attract enough investors was in 2002 when it tried to sell 30- year inflation-protected bonds. The yield on the 4.25 percent gilt due 2049 rose 10 basis points to 4.55 percent. Brown’s government aims to sell a record 146.4 billion pounds of debt this fiscal year and as much as 147.9 billion pounds in 2010 as he tries to pull Europe’s second-largest economy out of its worst recession since 1980. The prime minister’s plan drew criticism yesterday when Bank of England Governor Mervyn King told lawmakers in Parliament in London the government should be “cautious†about spending and deficits.

http://www.bloomberg.com/apps/news?pid=20601087 & sid=aQGG.mWeZ4eU & refer=worldwide

 

The sub-period lord in transit, Saturn as 6th lord of debts, is in the 12th house of losses while transit Mars, as 8th lord of obstacles and endings, is conjunct the MEP of the 6th house of debts and aspecting also the 12th house of losses. Natal Rahu in the 1st house is also aspecting transit debilitated 4th lord Jupiter in the 5th house. Last but not least, transit exalted Venus, as 2nd lord of wealth and status, is conjunct and combust Sun, as 12th lord of losses, in the 7th house of foreign affairs and afflicted by transit Ketu in the 11th house of income.

 

Best wishes,

 

Thor