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

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

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

article headline

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

More articles from Financial

image Description

Ireland 10-year yield briefly falls below 0%

Read more
image Description

Irish Central Bank raises growth forecast

Read more
image Description

No-deal Brexit worries push Irish bond spreads to widest in over a month

Read more
image Description

AIB profits fall as exceptional charges and rising costs bite

Read more
image Description

Disorderly Brexit is one of the main risks to the Irish economy warns Central Bank

Read more