The sharp rise in yields attracted healthy bids from individual investors.
In recent months, the privatization of various companies, which had attracted huge interest from overseas investors, completely stopped.
But Chancellor was unable to attract much interest from potential partners or investors, the person said.
But some analysts acknowledge that the increase in rates should begin to attract demand from small investors.
Such funds have attracted as much as $350 billion from investors in recent years.
Despite the appeal of investing in large projects, not all funds embracing that idea have been able to attract money from investors.
When government borrowing increases interest rates it attracts foreign capital from foreign investors.
The first criterion is whether the rate of return is at a level substantial enough to attract capital from investors.
Higher American rates would attract more money from foreign investors, helping push up the dollar.
Issues that had recently been sold off, and are now perceived as being bargains, attracted new attention from investors.