Has the Run on Ireland Begun?

[Taxi Driver]

The situation is now worse, as these bonds will be bought by a government agency all thanks to money printing. Its monetising debt and it is highly dangerous activity. It prolongs the depression.

The best solution is default and start afresh.

So rising bond yields is bad and falling bond yields is "now worse". Is there any good bond yields??

What do you mean by "monetising debt". The government already owes this money. What difference does it make is a "government agency" buys them?

[irish_bob]

The situation is now worse, as these bonds will be bought by a government agency all thanks to money printing. Its monetising debt and it is highly dangerous activity. It prolongs the depression.

The best solution is default and start afresh.

that might explain why gold has shot back up in euro this afternoon

[Cassandra Syndrome]

So rising bond yields is bad and falling bond yields is "now worse". Is there any good bond yields??

What do you mean by "monetising debt". The government already owes this money. What difference does it make is a "government agency" buys them?

Falling bond yields because of debt restructuring and market reallocation of resources and dealing with the countries fundamentals and sorting the shyte out from top to bottom and moving on with life (like what Iceland did) is good.

Falling bond yields because all debt pass and present can be bought by simply switching on a printing press of money and buying them is worse than the yields going up acting as an indicator of something wrong with the health of the nation.

Its like treating a critical ailment with morphine alone.

[Taxi Driver]

Falling bond yields because of debt restructuring and market reallocation of resources and dealing with the countries fundamentals and sorting the shyte out from top to bottom and moving on with life (like what Iceland did) is good.

Falling bond yields because all debt pass and present can be bought by simply switching on a printing press of money and buying them is worse than the yields going up acting as an indicator of something wrong with the health of the nation.

Its like treating a critical ailment with morphine alone.

But this isn't happening for Ireland. Why did Irish yields fall this morning?

[Cassandra Syndrome]

But this isn't happening for Ireland. Why did Irish yields fall this morning?

It is. The EFSF (n+1) will step in and buy our bonds if need be. After the 1st Greek bailout in May 2010, Greek 2 years dropped from 18% to 5% in 1 day. That was near 75% drop. This week it hit 35%.

Iceland bonds are in line with its central bank's discount rate after all its helter skelter.

[cozzy121]

Oops, looks like the EU's "hiding the pea under the shell" trick didn't last long....

Eurozone crisis reignites as investors lose faith in rescue package | Business | The Guardian

The eurozone debt crisis threatened to erupt again on Tuesday as Italy and Spain's borrowing costs hit record highs, helping to drive Britain's own borrowing costs down to a record low.

The euro also lost ground against most major currencies and the Italian stock market hit a 27-month low, as investors appeared to lose faith in the latest European rescue package.

The yield, or interest rate, on Italian 10-year bonds rose to nearly 6.3% at one stage, with the equivalent Spanish bonds yielding almost 6.5% early on Tuesday. If yields reach 7%, a country has effectively lost the support of the international markets.

Spain's prime minister José Luis Rodríguez Zapatero postponed the start of his holiday, allowing him "to more closely follow" the situation.

In contrast, UK 10-year gilt yields hit an all-time low of 2.76%, amid suggestions that the UK has become a relative safe haven in response to the debt crises raging in both Europe and America. The glut of disappointing manufacturing data released on Tuesday also reinforced fears that the global economy is faltering.

Jane Foley, senior currency strategist at Rabobank, said that Britain's economic fundamentals are "far from attractive", but less grim than other countries.

"Slow economic growth, low interest rates, a highly indebted consumer sector and a large government fiscal deficit suggest there are clear similarities with the US," said Foley.

"The UK government, however, has proved itself to be better positioned to tackle its deficit demons and although there has been a lack of progress to date on achieving deficit reduction in the UK, at least there is no crisis at present."

Gold, that other refuge for risk-averse traders, hit another record high – reaching $1.639.66 an ounce

Any word on Irish bonds??
I saw another thread claiming that Fianna Gael selling out the nation was appeasing the markets...

[PUFF DADDY]

Falling bond yields because of debt restructuring and market reallocation of resources and dealing with the countries fundamentals and sorting the shyte out from top to bottom and moving on with life (like what Iceland did) is good.

Falling bond yields because all debt pass and present can be bought by simply switching on a printing press of money and buying them is worse than the yields going up acting as an indicator of something wrong with the health of the nation.

Its like treating a critical ailment with morphine alone.

whats the story now - Ireland Government Bonds 10 Year Note Generic Bid Yield (GIGB10YR:IND) Index Performance - Bloomberg IRL 8.56?

God I don't have an f in clue...up bad down bad..I am going up to bed