Irish bond yields fall to seven-year low
Ireland’s five-year note yields fell to the lowest in more than seven years after the agreement of a deal on the IBRC promissory note.
Ireland’s five-year note yields fell to the lowest in more than seven years after the nation won an agreement to restructure the costs of rescuing the former Anglo Irish Bank.
Under the plan, Ireland will swap its promissory notes used to rescue the failed lender with long-term bonds with maturities of up to 40 years. The accord will ease the nation’s borrowing needs over the next decade by €20 billion.
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