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.
Heading for 8.7%, fast.
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