Saturday August 15, 2020

State borrowing costs double

Ian Guider

Markets Editor

7th June, 2015

The cost of borrowing for the Irish state has more than doubled in less than two months as investors sell off government bond holdings.

The yield, or interest rate, on benchmark ten-year Irish government bonds hit 1.64 per cent last week, having fallen to a record low of just 0.65 per cent in April. At Friday’s closing price, the yield was the highest it has been since last year. At the height of the financial...

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