Chancellor Rachel Reeves: Her Time Is Up!

[PTK]

Regardless of the auction format, how else should they be sold other than in an auction?

Like premimum bonds? Like shares?

 

[Elpenor]

The doom loop of elite centrism staggers on. We’ve now arrived back in 2011 and we prepare for the new old narrative of workers/shirkers.

All of this was entirely predictable. From the moment Reeves and Starmer signalled that their approach was maintenance of the order of the last 45 years.

Paywall busted link

https://archive.ph/IzGFD

 

[kabbes]

Like shares?

Like the mechanism of an IPO, you mean? Seems over complicated for bond issues. Meanwhile, bond trading for active bonds is very much like share trading for live shares.

 

[PTK]

Like the mechanism of an IPO, you mean? Seems over complicated for bond issues. Meanwhile, bond trading for active bonds is very much like share trading for live shares.

I thought that it was the case that auctions of government debt are not carried out by the government. I may have got this wrong, but I thought that the reference to the auction of government debt referred to people who held government bonds selling them to other people.

 

[kabbes]

I thought that it was the case that auctions of government debt are not carried out by the government. I may have got this wrong, but I thought that the reference to the auction of government debt referred to people who held government bonds selling them to other people.

No, that’s just done through market makers, same as shares. The auctions of government debt refer to new issues of debt.

After all, the government only directly cares what their new issues sell for. Past issues only matter to them indirectly, by being competitors for their new issues and thus influencing the price.

 

[PTK]

No, that’s just done through market makers, same as shares. The auctions of government debt refer to new issues of debt.

After all, the government only directly cares what their new issues sell for. Past issues only matter to them indirectly, by being competitors for their new issues and thus influencing the price.

I wish that this was explained in the news reports I read.