NTMA auction plan as yield hits a new low

10-year bond below 5 per cent on ECB speculation

1st July, 2016
NTMA has raised most of its target this year Pic RollingNews.ie

Ireland’s 10-year government bond yield has dropped below 0.5 per cent for the first time this morning, falling to as low as 0.464 per cent. They later edged up to 0.49 per cent.

This came as the National Treasury Management Agency announced its schedule for the third quarter of this year, saying it planned to hold one bond auction on September 8 'subject to market conditions'. There will also be one auction of shorter-term treasury bills.

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