Page 2 of 14 FirstFirst 123412 ... LastLast
Results 11 to 20 of 132

Thread: Exchequer may be running out of willing creditors

  1. 21st April 2009, 05:27 PM #11
    Question R24U
    Question R24U is offline
    Politics.ie Regular
    Join Date
    Oct 2008
    Location
    In negative equity.
    Posts
    3,356

    Quote Originally Posted by cavok View Post
    Me! or Clowen?
    The Electorate?
    If the banks are out for a bail,
    and Lenny's efforts end up as a fail,
    when the Somer does come,
    to the Country they'll run,
    And leave a Fine mess for the Gael.

    Endinf the one Party (FF) state:

    To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
    Reply With Quote Reply With Quote
  3. 21st April 2009, 05:29 PM #12
    Digout
    Digout is offline
    Politics.ie Member Digout's Avatar
    Join Date
    Oct 2008
    Location
    at the bar, where the sock puppets are
    Posts
    13,675

    Quote Originally Posted by cavok View Post
    Me! or Clowen?
    Clowen of course...He does not care about the country. All that matters to Clowen is keeping his rich friends rich.
    Reply With Quote Reply With Quote
  4. 21st April 2009, 05:29 PM #13
    cavok
    cavok is offline
    Politics.ie Member
    Join Date
    Apr 2009
    Posts
    687

    Quote Originally Posted by Outlander View Post
    Aren't there some bonds maturing this month which will have to be rolled over?

    I suspect we'll really be rolled then.
    reminds me of the old joke..

    How would you 'tap' harney?

    roll her in flour and tap the wet patch...

    roll over, sweet baby jesus, I am off to my potato plot.

    I think I will have to erect fencing and a Night hut...
    Reply With Quote Reply With Quote
  5. 21st April 2009, 05:35 PM #14
    kerrynorth
    kerrynorth is offline
    Politics.ie Member
    Join Date
    Oct 2005
    Location
    KERRY
    Posts
    12,075

    Here the results from the bidding today from NTMA:
    NTMA - Government Bonds - 2009 Auction Results
    The bid to cover ratio was only 1.1 on the 2018 bond!


    And they are going again Thursday for another circa €1.5billion.
    http://www.ntma.ie/Publications/2009...ent23Apr09.pdf
    Reply With Quote Reply With Quote
  6. 21st April 2009, 05:38 PM #15
    cavok
    cavok is offline
    Politics.ie Member
    Join Date
    Apr 2009
    Posts
    687

    Quote Originally Posted by Digout View Post
    Clowen of course...He does not care about the country. All that matters to Clowen is keeping his rich friends rich.
    the irish bog man ego, tis a dangerous t'ing

    'im de taoiseach'

    'what would a lad in S+P know about politics in Ireland?'

    sweet baby jebus!
    Reply With Quote Reply With Quote
  7. 21st April 2009, 05:39 PM #16
    youngdan
    youngdan is offline
    Politics.ie Member
    Join Date
    Jul 2007
    Location
    massachusetts
    Posts
    6,254

    Quote Originally Posted by TradCat View Post
    If deflation in Ireland hits 4% as was suggested in the budget then the effective rate is nearer 10%

    That is a nightmare scenario.
    What really sets the interest rates on any bond is the inflation rate over the bonds life and the risk of default. Now with deflation at 4% it clearly shows that the default risk is the main concern.

    German bunds have a default risk as well. However comparing both eliminates the effect of inflation to show the greater chance of Ireland defaulting. I would say there is a good risk of Germany defaulting.

    I would say there is a certainty of Ireland defaulting. Buyers of these bonds today will lose money imo.
    Reply With Quote Reply With Quote
  8. 21st April 2009, 05:41 PM #17
    cavok
    cavok is offline
    Politics.ie Member
    Join Date
    Apr 2009
    Posts
    687

    Quote Originally Posted by youngdan View Post
    What really sets the interest rates on any bond is the inflation rate over the bonds life and the risk of default. Now with deflation at 4% it clearly shows that the default risk is the main concern.

    German bunds have a default risk as well. However comparing both eliminates the effect of inflation to show the greater chance of Ireland defaulting. I would say there is a good risk of Germany defaulting.

    I would say there is a certainty of Ireland defaulting. Buyers of these bonds today will lose money imo.

    what inclines you to think DE are at a good risk of DEF?

    curious...
    Reply With Quote Reply With Quote
  9. 21st April 2009, 05:42 PM #18
    Digout
    Digout is offline
    Politics.ie Member Digout's Avatar
    Join Date
    Oct 2008
    Location
    at the bar, where the sock puppets are
    Posts
    13,675

    Quote Originally Posted by kerrynorth View Post

    And they are going again Thursday for another circa €1.5billion.
    http://www.ntma.ie/Publications/2009...ent23Apr09.pdf
    IMF during the summer?
    Reply With Quote Reply With Quote
  10. 21st April 2009, 05:43 PM #19
    youngdan
    youngdan is offline
    Politics.ie Member
    Join Date
    Jul 2007
    Location
    massachusetts
    Posts
    6,254

    The announcement of the bills next Thursday takes the biscuit. One is for just about 40 days. They are just limping to get to Lisbon in October but they won't make it
    Reply With Quote Reply With Quote
  11. 21st April 2009, 05:46 PM #20
    Digout
    Digout is offline
    Politics.ie Member Digout's Avatar
    Join Date
    Oct 2008
    Location
    at the bar, where the sock puppets are
    Posts
    13,675

    Quote Originally Posted by youngdan View Post
    The announcement of the bills next Thursday takes the biscuit. One is for just about 40 days. They are just limping to get to Lisbon in October but they won't make it
    When you think it will burst? July?
    Reply With Quote Reply With Quote
Page 2 of 14 FirstFirst 123412 ... LastLast

Similar Threads

  1. Exchequer Returns for May : Deficit now 10b
    By BodyofEvidence in forum Economy
    Replies: 52
    Last Post: 3rd June 2009, 09:15 PM
  2. April Exchequer returns
    By kerrynorth in forum Economy
    Replies: 13
    Last Post: 5th May 2009, 04:20 PM
  3. July exchequer returns
    By kerrynorth in forum Economy
    Replies: 15
    Last Post: 2nd August 2007, 05:52 PM
  4. May Exchequer Returns
    By kerrynorth in forum Economy
    Replies: 35
    Last Post: 7th June 2007, 01:38 AM
  5. Exchequer surplus down €560m - Dept
    By feenxp in forum Current Affairs
    Replies: 0
    Last Post: 3rd April 2007, 07:23 PM