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Dublin: 16 °C Tuesday 2 September, 2014

#Irish Bonds

# irish-bonds - Thursday 14 November, 2013

From TheJournal.ie 5 reasons why the government decided to exit the bailout and go it alone Bailout Exit

5 reasons why the government decided to exit the bailout and go it alone

When the bailout ends, Ireland will not avail of a precautionary credit line, but why? Let us explain…

# irish-bonds - Thursday 7 March, 2013

Draghi: ECB’s bond-buying programme can’t help Ireland escape bailout ECB

Draghi: ECB’s bond-buying programme can’t help Ireland escape bailout

The ECB president says the bank won’t use its bond-buying programme to ease Ireland out if its EU-IMF funding.

# irish-bonds - Thursday 20 September, 2012

From TheJournal.ie Cost of government borrowing reaches lowest level since bailout Bond Markets

Cost of government borrowing reaches lowest level since bailout

Interest on a 9-year Irish bond – the benchmark bond currently in circulation – has fallen below 5 per cent.

# irish-bonds - Thursday 19 July, 2012

From TheJournal.ie At least 3 more bond auctions before year end, says NTMA Return To Markets

At least 3 more bond auctions before year end, says NTMA

National Treasury Management Agency sets out its roadmap for bond auctions over the next 18 months.

# irish-bonds - Friday 4 May, 2012

From TheJournal.ie The 5 at 5: Friday Take 5

The 5 at 5: Friday

5 minutes, 5 stories, 5 o’clock…

Norway sells off its entire stash of Irish government bonds

The Norwegian sovereign wealth fund fears that Ireland and Portugal bonds are not ‘predictable’ and could default.

# irish-bonds - Sunday 1 April, 2012

From TheJournal.ie The 9 at 9: Sunday 9 At 9

The 9 at 9: Sunday

Nine things you need to know this morning…

# irish-bonds - Wednesday 25 January, 2012

Ireland returns to bond markets with €3.53 billion ‘swap offer’

The NTMA swaps €3.5bn in bonds, which were maturing in January 2014, for paper maturing in February 2015.

# irish-bonds - Friday 13 January, 2012

Ireland plans to return to bond markets this year

The NTMA’s John Corrigan reveals that Ireland will stage a “phased re-entry” with the sale of short-term bonds this year.

# irish-bonds - Monday 13 September, 2010

JUST SHY OF the second anniversary of the Lehman collapse, the Irish government last week issued its latest plan for Anglo Irish Bank. It reveals how little Dublin – and most other governments – have learnt from the crisis.

Back then, there were good reasons to offer taxpayer crutches to toppling banks. Contagion could bring the system to its knees. Panic made market valuation useless: even solid banks looked wobbly on a mark-to-market basis. It made sense to tide them over until the insolvent institutions could be distinguished from the illiquid.

Uncertainty is now receding. Unhappily, what is emerging in Ireland is how staggering bank losses are. It is time to let them fall where they should: on unsecured creditors once shareholders are wiped out. But Irish leaders are prolonging the uncertainty in the hope that zombie banks will, Lazarus-like, come back to life.

Dublin has poured €23bn into Anglo. The new plan – to split deposits from a “recovery” bank with loans not yet transferred to the government – looks like another round of three-card monty. It does not clarify the final size of the hole to be filled (S&P thinks it can reach €35bn), and continues to make citizens protect bondholders from their own folly.

Read the full article at FT.com.

# irish-bonds - Tuesday 7 September, 2010

The Irish-Bund spread is going nuts on reports that the ECB is bidding up sovereign debt once again, together with a WSJ report that the Stress Test was, as everyone with half a brain knew all too well, a blatant lie, and sovereign debt was misrepresented.

Earlier, a report in the FT Deutschland suggested that the bailout of Anglo Irish alone, (not to mention AIB and Irish Nationwide) would be sufficient to threaten the country’s solvency. Things domestically are no better, after a poll in the Sunday Independent found that 74% of respondents believed the country would default, and preceded earlier news that Irish consumer confidence plunged from 66.2 to 61.4. The IMF’s recent expansion and creation of credit facilities is now roundly seen as having focused on Ireland, but many now believe that it may be too late and a Greek-type rescue is in the works as the second domino is about to topple.

Hopefully the Irish will figure out the Ambrose Evans-Pritchard was right all along, and that the time to riot is now if they hope to get the same preferential treatment by the ECB/EU/IMF as was afforded to Greece… Because we all know what the endgame is now.

Tyler Durden blogs at zerohedge.com.

Read more at zerohedge.com.

# irish-bonds - Wednesday 11 August, 2010

THE COST OF BORROWING for the state is set to rise as the premium for holding Irish bonds increased over 50points in the past week to 297 basis points. This is the premium paid to 10-year bond holders above that of German securities. NCB Stockbrokers say the rise is a result of uncertainty around the cost of the Anglo bailout.