The government’s ability to raise additional funds through higher borrowing received a big boost last week, as some appetite for risk returned to the international bond market.
Irish government bonds, which had been trading at 270 basis points above the German bund a week ago, came back to 220 basis points. The price of credit default swaps, a key measure of risk, fell sharply.
According to Ciaran Hagan of Societe Generale in Paris, the good...
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