Irish bond yields have dropped sharply today.
Irish two-year yields tumbled as much as 15 basis points to 0.844 points, the least since at least 2003. Ireland’s 10-year bond yield dropped to 3.48 per cent, the lowest since 2006.
Italian two-year yields also fell to a record low, as euro-area output contracted for a 15th month in April, boosting speculation the ECB will lower interest rates.
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