By John Galt
August 28, 2011 – 23:10 ET
The central bank sold 2 billion pounds of 91-day T-bills, the same amount it had offered, on behalf of the ministry. The average yield rose to 11.995 percent from 11.928 percent at last week’s auction.
It sold only 2 billion pounds of 266-day T-bills, instead of the 3.5 billion pounds it had asked for. The average yield rose to 12.981 percent from 12.943 percent at the last issue on Aug 9.
Sounds more and more like the Arab Spring is turning into a Western bankster nightmare…..