Latest news with #PeterSchaffrik
NDTV
21-05-2025
- Business
- NDTV
Bloomberg Terminal Outage Disrupts Bond Sales Across Europe
News and data company Bloomberg suffered an outage to its terminal for financial professionals on Wednesday, disrupting numerous government bond sales and customer activity, according to several European debt management offices and market sources. Traders and market sources reported that live pricing and market data was not functioning and screens were blank. "You can't load anything new, you can't update spreadsheets, some of the auctions have been delayed," Peter Schaffrik, chief European macro strategist at RBC and a Bloomberg terminal user, said. By mid-morning in Europe, two market sources said their terminals were slowly regaining some functionality. Bloomberg did not immediately respond to a Reuters request for comment. Bidding in an auction of UK government was delayed, according to the Debt Management Office (DMO). "Due to the ongoing market-wide Bloomberg system issues, the bidding window for this morning's auction of the 4% 2031 is being extended," the DMO said. A bill auction in Portugal was also delayed because of the outage, while Sweden delayed its scheduled bond auction due to "technical issues". "Bids in the auctions are (...) submitted electronically via the Bloomberg auction system," the Swedish debt office website said. It was not immediately clear if Wednesday's delay was down to the outage. The European Union also postponed its deadline for Wednesday's sale of EU Bonds by one hour to 1300 CEST (1100 GMT). Another Bloomberg user told Reuters that their Bloomberg terminal was not currently working, except for the chat function, while another described the situation as a "nightmare."
Business Mayor
21-05-2025
- Business
- Business Mayor
Bloomberg down: Bond sales in chaos after terminal outage
Bloomberg's terminal for financial professionals has suffered an outage, impacting several government bond sales and customer activity. Traders and market sources have reported issues such as screens going blank, while live pricing and market data were not functioning on Wednesday, May 21, according to Reuters. Peter Schaffrik, chief European macro strategist at RBC and a Bloomberg terminal user, said: 'You can't load anything new, you can't update spreadsheets, some of the auctions have been delayed.' Two market sources confirmed to Reuters that by mid-morning, their terminals were slowly regaining some functionality. Bloomberg spokesman Ty Trippet told The Express: 'Our systems are returning to normal operations and Terminal functionality has been restored following a service disruption earlier today.' The Bloomberg Terminal is a subscription service widely used by financial service professionals, giving access to real-time financial data, news, and analytics. Various sales were delayed on Wednesday, May 21, including the deadline for an auction of UK government debt, although that sale has now gone ahead, according to the Debt Management Office (DMO). A bill auction in Portugal was postponed until 14:30 CEST (12:30 GMT) because of the outage, while the European Union also postponed its deadline for the sale of EU Bonds by one hour to 13:00 CEST (11:00 GMT). Sweden delayed a scheduled bond auction due to 'technical issues', although it was not explicitly clear if this was due to the outage. The Swedish debt office said: 'Bids in the auctions are (…) submitted electronically via the Bloomberg auction system.' Read More AI knowledge gets your foot in the door READ SOURCE
Business Times
21-05-2025
- Business
- Business Times
Bloomberg terminal back up after outage affects European bond sales
[LONDON] News and data company Bloomberg said its systems were returning to normal on Wednesday (May 21) after a brief disruption earlier in the day that delayed numerous government bond sales and affected customer activity. 'Our systems are returning to normal operations and Terminal functionality has been restored following a service disruption earlier today,' a Bloomberg spokesperson said. The deadline for an auction of UK government debt was delayed, although that sale has now gone ahead, according to the Debt Management Office (DMO). A bill auction in Portugal was postponed until 14:30 CEST (1230 GMT) because of the outage, while Sweden delayed its scheduled bond auction due to 'technical issues'. 'Bids in the auctions are (...) submitted electronically via the Bloomberg auction system,' the Swedish debt office website said. It was not immediately clear if Wednesday's delay had been caused by the outage. The European Union also postponed its deadline for Wednesday's sale of EU Bonds by one hour to 1300 CEST (1100 GMT). Traders and market sources had earlier reported that live pricing and market data had stopped functioning and screens went blank. 'You can't load anything new, you can't update spreadsheets, some of the auctions have been delayed,' Peter Schaffrik, chief European macro strategist at RBC and a Bloomberg terminal user, said. REUTERS
Business Times
21-05-2025
- Business
- Business Times
Bloomberg terminal outage disrupts bond sales across Europe
[LONDON] News and data company Bloomberg suffered an outage to its terminal for financial professionals on Wednesday (May 21), disrupting numerous government bond sales and customer activity, according to several European debt management offices and market sources. Traders and market sources reported that live pricing and market data was not functioning and screens were blank. 'You can't load anything new, you can't update spreadsheets, some of the auctions have been delayed,' Peter Schaffrik, chief European macro strategist at RBC and a Bloomberg terminal user, said. By mid-morning in Europe, two market sources said their terminals were slowly regaining some functionality. Bloomberg did not immediately respond to a Reuters request for comment. Bidding in an auction of UK government was delayed, according to the Debt Management Office (DMO). BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'Due to the ongoing market-wide Bloomberg system issues, the bidding window for this morning's auction of the 4 per cent 2031 is being extended,' the DMO said. A bill auction in Portugal was also delayed because of the outage, while Sweden delayed its scheduled bond auction due to 'technical issues'. 'Bids in the auctions are (...) submitted electronically via the Bloomberg auction system,' the Swedish debt office website said. It was not immediately clear if Wednesday's delay was down to the outage. The European Union also postponed its deadline for Wednesday's sale of EU Bonds by one hour to 1300 CEST (1100 GMT). Another Bloomberg user told Reuters that their Bloomberg terminal was not currently working, except for the chat function, while another described the situation as a 'nightmare.' REUTERS
