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Yield on Irish 10 Year Bonds rising again


Cassandra Syndrome

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Just on Bloomberg this morning as jitters return after Greece downgraded to junk.

Greek Government Bonds Decline After Debt Downgraded to Junk - Bloomberg.com

I have no direct link to the latest, but by calculating from the above link, it is at 5.44%. They reached 6% just before the ECB promised to step in buy them if need be. They well back to just over 4% after that, but have been steadily climbing since.
 

Cassandra Syndrome

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Whats the best link for the latest yield of Irish bonds?

I can see directly the live prices of Pork Bellies and Lean Hogs, but I can never seem to get the cost of borrwoing of my own country as instant!
 

slumdog1971

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Does it really matter what the yield is on Irish Bonds?

The ECB are going to be buying them shortly and they have clearly stated that the EURO won't fail. Happy Days...
 

Cassandra Syndrome

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Does it really matter what the yield is on Irish Bonds?

The ECB are going to be buying them shortly and they have clearly stated that the EURO won't fail. Happy Days...
Happy days?

Whats 6% on 150 Billion as opposed to 4%? How many more people could be educated or treated in hospital or so many other things with that difference?

Are you a real Labour supporter?

PS - The Euro will fail.
 

ballot stuffer

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Happy days?

Whats 6% on 150 Billion as opposed to 4%? How many more people could be educated or treated in hospital or so many other things with that difference?

Are you a real Labour supporter?

PS - The Euro will fail.
The idea being that when ECB buy the bonds the yield will fall as they won't have to be priced high to sell.
 

Cassandra Syndrome

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The idea being that when ECB buy the bonds the yield will fall as they won't have to be priced high to sell.
The last auction in May had the highest yield of the year so far, despite the guarantee.
 

slumdog1971

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Happy days?

Whats 6% on 150 Billion as opposed to 4%? How many more people could be educated or treated in hospital or so many other things with that difference?

Are you a real Labour supporter?

PS - The Euro will fail.
The yield doesn't matter until you come looking to buy.

The sooner the yield rises over 5% the sooner we can't afford to borrow and then we will get the access to the cheaper Eurozone slush fund.

This is a high stakes poker game. Play it right and we could be quids in !!!
 

Cassandra Syndrome

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Dear Lord
 

seenitallb4

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Dear Lord
Talk about incentives...jesus....but slumdog has it right...so long as the ECB fires up the presses we are safe.......unless the market loses faith in the ECB.
 

Squire Allworthy

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The yield doesn't matter until you come looking to buy.

The sooner the yield rises over 5% the sooner we can't afford to borrow and then we will get the access to the cheaper Eurozone slush fund.

This is a high stakes poker game. Play it right and we could be quids in !!!
Oh well don't know what all the fuss is about then. :shock::shock:

PS - The Euro will fail.
Against what precisely? The dollar with all its potential problems, perhaps sterling?
 

nonpartyboy

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Cassandra Syndrome

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Bon Auction today. 8 year bonds went for near 5.1% yield. So thats an indicator for our 10 year.

The National Treasury Management Agency said it had sold €1.5 billion worth of bonds at its latest auction today.

The NTMA, which had already reached half of its full year fundraising aim by March, sold €750m of bonds maturing in 2016 and €750m worth of bonds maturing in 2018.

It said the average yield for the 2016 bond was 4.521%, while the 2018 bond was 5.088%.

AdvertisementThe agency had planned to sell a total of €1-1.5 billion.
RTÉ Business: NTMA raises €1.5 billion at June bond auction
 

slumdog1971

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Talk about incentives...jesus....but slumdog has it right...so long as the ECB fires up the presses we are safe.......unless the market loses faith in the ECB.
And the market will never lose faith with any bank that can keep printing money.

There won't be any default or riots or any needto stock up on tinned goods.
 

nonpartyboy

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Political instability ?. If fg get a new leader, an election is only around the corner, any new government won't roll over as easy for the money men as cowen and lenihen.They don't like that !.
 

Cassandra Syndrome

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And the market will never lose faith with any bank that can keep printing money.

There won't be any default or riots or any needto stock up on tinned goods.
What are you waffling about?

Do know what the consequence of "keep printing money" is?
 

Mossy Heneberry

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What are you waffling about?

Do know what the consequence of "keep printing money" is?
I'm afraid slumdog doesn't know what s/he is talking about. If we were to go on his/her logic, we could print off our own money and become millionaires overnight.

Here's a video that might educate slumdog.

[ame=http://www.youtube.com/watch?v=t_LWQQrpSc4]YouTube - Duck Tales Inflation Lesson[/ame]
 
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