Tuesday, November 30, 2010

Surely, something is wrong with this picture

Taken from Bloomberg.  Irish 10-year bond yields Monday 29th November.

Bond Yields 1D 29-11-10

The one positive to be taken from this is that the average interest rate on the EU/IMF package of 5.83% is lower than the 9.25% it appears we would apparently have to pay if we were borrowing from bond markets.  But surely the release of the details of the EU/IMF package should have brought yields down and not sent them up.

And stop calling me Shirley!

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