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Ireland sells €1bn in 10-year bonds at record low

Written by Business World, on 13th Jun 2019. Posted in Financial

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Ireland sold 1 billion euros of 10-year bonds on Thursday at a record low yield of 0.297%, passing below the previous marker set in September 2016 when it commanded an interest rate of 0.33% for a 10-year bond.

Several euro zone countries are seeing their borrowing costs hit their lowest levels on record as the European Central Bank opens the door to more stimulus in the face of a faltering European industrial sector and fears of a global recession.

Portugal, which like Ireland had to rely on a three-year international bailout for funding after being locked out of bond markets almost a decade ago, auctioned 10-year debt at a record low yield of 0.639% on Wednesday. (Reuters)

Source: www.businessworld.ie

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