Sentence examples for a failed auction from inspiring English sources

(The Port Authority, which had a failed auction last week, just saw the interest rate it pays leap from 4.3percentto20percentcent).

After considering a number of domestic offers of questionable financial viability — and a failed auction last summer — the center-left government of Prime Minister Romano Prodi reluctantly agreed in December to enter exclusive negotiations with Air France-KLM.

A failed auction does not mean the securities go into default, because the issuer continues to pay interest at the higher rate, or "fail rate".

Mr. Lafer called the episode "a failed auction".

But a failed auction can look like a damaging vote of no confidence.

A failed auction was expected to force Lisbon to drop its opposition to seeking a financial rescue package.

That happens more often now because dealers, many of them struggling banks, are less willing to bid freely at auction in case the purchased bonds lose their value before they can be sold on to investors.A failed auction is hardly a tragedy for a sound borrower like Germany, says Harvinder Sian at the Royal Bank of Scotland.

The failed auction left the government without a backup plan for the three insurers, which have only 1.6percentt of the life insurance market.

"We are so disappointed," Simonds said of the failed auction.

The failed auction increased the likelihood that Latvia would have to devalue its currency and roiled currency and financial markets.

Besides the failed auction, the central bank found that gilts were being dumped into the APF at below-market prices on April 6th.