Europe Debt Sales Proceed With Delays After Bloomberg Outage (3)

The UK, along with the European Union and Portugal, delayed debt sales due to temporary disruptions caused by issues with Bloomberg LP software.

The UK added an extra 90 minutes to its window for receiving auction bids, while the EU postponedthe deadline for a bills sale by one hour. Both sales eventually concluded with solid investor demand.

The delay reflects “ongoing market-wide Bloomberg system issues,” wrote the UK’s Debt Management Office in a statement. And the EU echoed that, saying its move reflected “global technical problems with Bloomberg.”

Traders across markets reported problems with executing transactions and accessing data ...