Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
THE NATIONAL TREASURY Management Agency (NTMA) has this morning announced that it will hold its first Treasury Bill auction since September 2010 on Thursday.
It will offer €500 million of so-called T-Bills, which have a three-month maturity.
The recommencement of bond auctions is a major step towards Ireland’s re-entry to the capital markets following the November 2010 bailout by the EU and IMF.
“The resumption of Treasury Bill auction follows an intensive engagement with investors both domestically and overseas during the past 18 months and marks an important first step in our phased re-entry to the capital markets,” said NTMA chief executive John Corrigan.
The auction will be conducted on the Bloomberg Auction System and will be confined to recognised primary dealers and eligible counterparties.
To embed this post, copy the code below on your site
Yay Ireland…
A step in the right direction at least
Anyone else notice that it’s one of the most positive stories of the day but only has 3 comments ?
It’s a nothing auction Kieran.. Extremely small potatoes.
Greece & Portugal have been offering short term bills since they went into their programs.
And we as a nation love our negativity !!
This is a wonderful expression of confidence on the long long road we have all travelled together with some suffering more than others. As economic performance is more frequently associated with positive sentiment lets push the usual Journal naysayers and prophets of doom to one side and together say………….YEAHHHHHHHHHHH GO GO GO IRELAND!
Think there need’s to be a counter balance to the supposed euphoria – Thankfully Constantin has plenty to say on this sale of ‘new’ stamps; rather they are of little value to overall effectiveness of any real bond sale and the effects of this are overrated – more spin I’m afraid.
http://trueeconomics.blogspot.ie/2012/07/372012-curb-your-enthusiasms.html
“The people and the economy can only wax fat and prosperous when their government is starved and puny.” – Murray Rothbard
@martincrettinnnPlease just this once..,,be happy a small step in the right direction and not 5 back as usual!!
Its not even a step be real!
Ahem ahem..I was waiting for the cheer-leading on this -
Now, I recall a certain Minister Bruton, 1 week before the Fiscal Treaty Referendum , stating “we don’t want to have to go to the LOAN SHARKS that are the Bond Markets ” !!!!!!!
And now we are supposed to celebrate going to the loan sharks again!?!? Just shows you the Crap that politicians will spin in an attempt to bully/ frighten people!!
I’d like to understand the rational behind the red thumbs!!???? I just highlighted a FACTUAL piece!
The mind boggles
Like his other quote best when referring to the State as – “a gang of thieves writ large” – no truer word said when considering the payment of bondholders over the welfare of the countries inhabitants and the forced nature in bringing about the household charge.
Yes. We should just try surviving on words and fresh air.
It’s the wrong words – uttered by so called intellectuals – that ruined this countries prospects in the first place – so we best watch the ones we use! So really where are you heading with such brief comment
If we had chosen not to honour the debts we have taken on, the welfare of the most vulnerable or our citizens would have been the most severely impacted.
All you have to offer to replace the money we have been lent is words and fresh air.
I’d like to return to the markets with a shrunken senior civil service sector; that way the markets would understand the country has its fiscal priorities in order -and then lend us the dosh!!!
Ahh nice one Ireland back to the markets, what are they selling, fruit & veg, clothes ???, ah sure its probably that cheap booze centra were trying to sell.
Do people want to return to the markets with a bloated public sector? We will still be under savage budgets to keep the lemmings overpaid.
If the government is fully funded until next year why on earth are they making this mickey mouse play?
To prove they can. Until now, they couldn’t. The yields may also change on the day, up or down, depending on sentiment. So it is a useful exercise.
Ireland will make it – I ALWAYS believed it! Irish are amazing in surviving and getting the head up again! YOU GO EIRE!!!!
have your say