The phrase "auction of debt" is correct and usable in written English.
It can be used in contexts related to finance, economics, or legal matters where debts are being sold or auctioned off to the highest bidder.
Example: "The bank decided to hold an auction of debt to recover some of its losses from defaulted loans."
Alternatives: "debt auction" or "sale of debt".
Italy's next auction of debt is on Nov. 14.
Italy's short-term borrowing costs fell Wednesday at an auction of debt.
Italian bond yields eased as a €5bn auction of debt was bought up by Italian banks, hopes rose that the new "financial stability law" would swiftly be approved, and indications grew that Silvio Berlusconi would quit this weekend, succeeded by new administration headed by, say, ex-EU commissioner Mario Monti.
The yield on Spain's 10-year bonds reached 6.1%, ahead of auctions of debt on Tuesday and Thursday that could be increasingly expensive for Spain.
Portugal is expected to auction €20bn of debt this year.
And ended with a successful-looking auction of US debt.
Stocks plunged, bond yields soared and the government failed to complete an auction of domestic debt.
The struggling mortgage finance giants, Fannie Mae and Freddie Mac, rebounded after Freddie Mac's successful auction of its debt.
It made a successful return to the bond markets in 2014 – the first auction of government debt for three years – and left the rescue programme shortly after.
Although interest rates inched up at the most recent auction of government debt and most people expect the peso to fall, this is due as much to external factors (such as rising American interest rates) as to electoral uncertainties.
Five banks reached a $25 billion settlement with state attorneys-general last year.In this section Politics this week Business this week KAL's cartoon ReprintsIreland conducted a successful auction of sovereign debt, selling €2.5 billion ($3.3 billion) of a five-year issue, having received orders of more than €7 billion.
