Irish bond yields rise against the trend
Italian two-year notes rose for a fourth day, driving yields to a 15-month low, but Irish yields edged upwards.
Ireland’s 9-year note yield rose 2 basis points to 6.624 per cent, likely impacted by the announcement that a referendum on the EU treaty is to be held in the coming weeks.
The rise in Irish yields contrasted with other indebted European countries. Italian two-year notes rose for a fourth day, driving yields to a 15-month low, on speculation the European Central Bank’s allocation of three-year loans will boost demand for debt from Europe’s higher-yielding...
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