Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Bond Markets

Bond yields soar past 7.6% as investors look elsewhere

THE OVERNIGHT ANNOUNCEMENT of a second programme of quantitative easing (‘QE2′) in the United States has done little to help the cost of Irish government bonds. As investors look to paper from other more secure nations, the cost of ten-year Irish bonds has shattered its previous record, standing at 7.635% as of 9:35am. Yesterday the spread between Irish and German bonds hit 5% and it’s continued to rise since. It’ll be a long day.

Readers like you are keeping these stories free for everyone...

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Learn More Support The Journal

Author

Gavan Reilly

Send Tip or Correction View all articles

News in 60 seconds

The Journal supports the work of the Press Council of Ireland and the Office of the Press Ombudsman, and our staff operate within the Code of Practice. You can obtain a copy of the Code, or contact the Council, at https://www.presscouncil.ie, PH: (01) 6489130, Lo-Call 1800 208 080 or email: mailto:info@presscouncil.ie