Ireland Bonds Soar Amid Fears
Source: Agencies |
March 25, 2011, Friday
|
Print Edition
Print Edition
THE yields on Irish government bonds have risen to new euro-era highs amid fears that the country's bank-bailout bill will keep growing and overwhelm public finances. The payout on Irish bonds has leapt this year, despite emergency credit in November from the European Union and International Monetary Fund.
Rising bond yields don't directly hit Ireland's financing costs as the country has stopped seeking money from bond markets. But they do cast Ireland as likely to default.
Rising bond yields don't directly hit Ireland's financing costs as the country has stopped seeking money from bond markets. But they do cast Ireland as likely to default.
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