Two cheers for effective action from the two Brians?4.5 billion of bids were received. 1.6 billion issued.
Success is a bit of on overstatment.4.5 billion of bids were received. 1.6 billion issued.
Get your head out of your as$! By any objective standard they are doing an appalling job of running the country. Any action they carry out or decision they make is and will be treated quite cynically simply because, on the evidence to date, the two Brians could not find their own ar$es with both hands and a mirror.I have to lauf- if they had not auctioned off the bills sucessfully you lot would be screaming about how badly they are running the country.
It does show that no matter what they do, they are just going to be criticised.
Tell us where we are going wrong.
Something tells me there will be no way Ireland will go bankrupt before October for no reason in particular...Exactly
All the demand indicates is that the markets don't think we're going to go bust before October.
Does the level of oversubscription indicate that the interest rate could have been lower?
Shocking that a government has to look for money on a month to month basis.....It is not the amount of bids that matters. What matters was that there were over 1.6 billion of decent high bids. There could be 50 billion of bids but if they were low it would mean that the interest rate would be too high.
Any amount of bonds can be sold if a low enough bid is entertained.
You can not compare a 3 month bill and a 10 year bond