Markets baffled as ECB buying Irish bonds
UPDATE: Noonan says we have no plans to ask the euro fund to buy Irish debt, as sources say ECB has been buying three and five year Irish bonds since last Friday
The European Central Bank has been buying three and five year Irish government bonds since last Friday, according to market sources spoken to by the *Daily Business Post*.
This is the first time since last August that the ECB has bought Irish bonds, the sources say. There is some mystification in the market as to why it is undertaking this course of action at this time.
Speaking in Brussels, finance minister Michael Noonan said the...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine