This is clearly terrible news!!!

Originally Posted by Ren84

This is clearly terrible news!!!

No, it's good news. Not great news, just good news.

Oooooo .

Irish short term yields hit new crisis lows.

Irish 1 year 2.6%

http://www.bloomberg.com/quote/GIGB1YR:IND/chart

Irish 2 year 3.2%

http://www.bloomberg.com/quote/GIGB2YR:IND/chart

The sky is fallin in I tells ya.

Someone will be along shortly to tell us how terrible it all is

Its terrible

Originally Posted by Mrwoody

Its terrible

Its worse than terrible

Isnt anyone surprised as to why our bond prices are falling?

As Europe Burns Ireland becomes a Bond Paradise overnight despite all the fundamentals of the economy still being very poor?

For Instance our survival depends on the very same EU giving us a deal on our bank debt, without this we are still "doomed" and yes whilst our tax take has increased slightly our spending has increased more. Our unemployment continues to rise and more and more companies collapse.

And despite all this someone somewhere thinks Ireland is a good place to invest and lend money too.

Originally Posted by Neutron

And despite all this someone somewhere thinks Ireland is a good place to invest and lend money too.

hmmm though you could argue Ireland is an oasis of tranquility when compared to Spain for example, or Greece, or Portugal, or Italy...Ireland has clearly implemented reforms better than the other piglets so far. And the big difference between Ireland and them is that Ireland's an export machine by comparison. So it's not that surprising. Also Ireland has a decent chance of a good deal on it's banking debt. If it didn't yields on government debt would still be as high as pre summit.

Originally Posted by odlum

hmmm though you could argue Ireland is an oasis of tranquility when compared to Spain for example, or Greece, or Portugal, or Italy...Ireland has clearly implemented reforms better than the other piglets so far. And the big difference between Ireland and them is that Ireland's an export machine by comparison. So it's not that surprising. Also Ireland has a decent chance of a good deal on it's banking debt. If it didn't yields on government debt would still be as high as pre summit.

Or could it be simply down to the very fact that Ireland pays its bondholders no matter what.