Stocks selloff is good news for Irish bonds as yields converge

Ireland’s benchmark 10-year bond yield plunged back below 1 per cent this week

8th January, 2016
Irish stocks are making a comeback Credit: Bloomberg

Ireland’s journey from crisis to comeback is approaching another milestone for bond investors, say Bloomberg reporters.

The country’s benchmark 10-year bond yield plunged back below 1 per cent this week as investors took money out of stocks and put it into the relative safety of fixed income. The premium in the cost of borrowing compared with France has declined to 12 basis points from 45 points a year ago, and banks and brokers...

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