News and data company Bloomberg suffered a malfunction on Wednesday at its terminal for financial professionals, which disrupts numerous sale of government bonds and customer activities, according to various European debt management agencies and market sources.
Traders and market sources reported that live prices and market data did not function and screens were empty.
“You can't load anything new, you can't update spreadsheets, some auctions are delayed,” said Peter Schaffrik, Chief European Macro Strategist at RBC and a Bloomberg terminal user.
Halfway through the morning in Europe, two market sources said that their terminals are slowly regaining functionality.
Bloomberg did not immediately respond to a Reuters request for comments.
Bidding at an auction of the British government was delayed, according to the Debt Management Office (DMO).
“Due to the ongoing market-wide Bloomberg system issues, the bidding window is extended for the auction of this morning of the 4% 2031,” the DMO said.
An invoice auction in Portugal was also delayed because of the malfunction, while Sweden delayed its planned bond auction because of “technical problems”.
“Bids in the auctions are (…) electronically submitted via the Bloomberg auction system,” said the website of the Swedish debt office.
It was not immediately clear whether Wednesday's delay was until the outage.
The European Union also postponed its deadline for the sale of EU bonds from Wednesday with one hour to 1300 CEST (1100 GMT).
Another Bloomberg user told Reuters that their Bloomberg terminal was currently not working, except the chat function, while another described the situation as a 'nightmare'.
(This story was not edited by Our staff and is automatically generated from a syndicated feed.)
