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Lithuania raised $1.5 billion in its biggest-ever debt sale as signs of a global recovery lure investors back to the Baltic nation that suffered the European Union’s worst recession (BLOOMBERG).
Obetvienoktačiau :(
It's never good news when a government bond auction fails. It's particularly bad news when an auction fails for a note maturing in just six months. And it's really bad news when there isn't any bid at all.
Yet that's what happened Wednesday when Latvia tried to sell close to $17 million of paper. It's not hard to figure out why.
Still, investors might recall a minor matter involving teaser loans that only took down the entire world economy. Not every domino falls. But there's one that's looking shaky. (MarketWatch)