Wednesday, November 24, 2010

Bond yields heading back to 9%

A “bail-out” is good, right?  The reaction of bond markets to Ireland’s IMF/EU “rescue” has not been stellar.  Yields on Monday were largely unchanged as markets digested the fallout from Sunday’s announcements.  Yesterday yields on 10-year Irish Government bonds rose from 8.1% to 8.4%.  Already today they have risen by the same amount.  From Bloomberg.

Bond Yields 1D 24-11-10

Heading for 8.7%, fast. 

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