Irish bond yields

[Taxi Driver]

I know we're not allowed good news around here but Irish bond yields dropped below 7.5% for the first time in 14 months today. On the 18th of July the yield was 15.5%. I'm sure it will be explained that this is just a signal that further economic catastrophe is only days away.

Ireland Government Bonds 9 Year Note Generic Bid Yield Chart - GIGB9YR - Bloomberg

[bluefirelog]

I know we're not allowed good news around here but Irish bond yields dropped below 7.5% for the first time in 14 months today. On the 18th of July the yield was 15.5%. I'm sure it will be explained that this is just a signal that further economic catastrophe is only days away.

Ireland Government Bonds 9 Year Note Generic Bid Yield Chart - GIGB9YR - Bloomberg

Good news. Why do you think the yield for Ireland has fallen within the last few days?

[publicrealm]

I know we're not allowed good news around here but Irish bond yields dropped below 7.5% for the first time in 14 months today. On the 18th of July the yield was 15.5%. I'm sure it will be explained that this is just a signal that further economic catastrophe is only days away.

Ireland Government Bonds 9 Year Note Generic Bid Yield Chart - GIGB9YR - Bloomberg

Calm before the storm.

Dead cat bounce.

Invest in squirrels now - before they take off!

[westernyelp]

enlighten us firelog

[EvotingMachine0197]

Why is there such a big difference between that and the 10 year at 8.2%?

Ireland Government Bonds 10 Year Note Generic Bid Yield (GIGB10YR:IND) Index Performance - Bloomberg

[Raketemensch]

Calm before the storm.

Dead cat bounce.

Invest in squirrels now - before they take off!

Squirrels are as high as they can go. When the Euro explodes those holding cheese will be smiling like Cheshire cats.

[Dreaded_Estate]

2 year is at 5.6%, not that far away from being sustainable.

[seabhcan]

Why is there such a big difference between that and the 10 year at 8.2%?

Ireland Government Bonds 10 Year Note Generic Bid Yield (GIGB10YR:IND) Index Performance - Bloomberg

Trading volumes might be tiny.

[jpc]

Being a cynic.
Who is buying the Irish bonds to the extent that the yield is dropping?

[ibis]

I know we're not allowed good news around here but Irish bond yields dropped below 7.5% for the first time in 14 months today. On the 18th of July the yield was 15.5%. I'm sure it will be explained that this is just a signal that further economic catastrophe is only days away.

Ireland Government Bonds 9 Year Note Generic Bid Yield Chart - GIGB9YR - Bloomberg

Yeah - and the 2-year is 6.125%, down from a high of 23%. Disturbing.

Being a cynic.
Who is buying the Irish bonds to the extent that the yield is dropping?

The ECB's interventions tend to be quite marked - this is a slow steady drop. Of course, given the opacity of markets, people might be piling into Irish bonds in order to back positions on CDs betting on an Irish default...or just using them to line their squirrel cages.