Economy
Investors snap up Irish bonds as Europe’s once crisis-torn periphery turns market darling
Yields on Irish bonds have gotten closer to those of the larger European countries as investors are drawn to “peripheral debt”
The tables of the bond market have turned as so-called “peripheral debt” of European countries, including Ireland, are being backed by investors, who are turning cautious on the debt of France and Germany.
Ireland has been a bailout success story in several ways and now it can boast that its bond yields, or returns, are narrowing closer to its European peers.
A yield spread is the difference paid between two bonds of the same maturity, ...
