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Thread: Yield on Irish 10 Year Bonds rising again

  1. #1

    Default Yield on Irish 10 Year Bonds rising again

    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.
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

  2. #2

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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!
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

  3. #3
    Politics.ie Member slumdog1971's Avatar
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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...

  4. #4

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    Quote Originally Posted by slumdog1971 View Post
    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.
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

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    Politics.ie Member ballot stuffer's Avatar
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    Quote Originally Posted by Cassandra Syndrome View Post
    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.
    Sow the wind, reap the whirlwind.

  6. #6

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    Quote Originally Posted by ballot stuffer View Post
    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.
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

  7. #7
    Politics.ie Member slumdog1971's Avatar
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    Quote Originally Posted by Cassandra Syndrome View Post
    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 !!!

  8. #8

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    Dear Lord
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

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    Politics.ie Member
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    Quote Originally Posted by Cassandra Syndrome View Post
    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.
    If once the people become inattentive to the public affairs, you and I, and Congress and Assemblies, Judges and Governors, shall all become wolves. It seems to be the law of our general nature, in spite of individual exceptions.

    Thomas Jefferson

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    Politics.ie Member Squire Allworthy's Avatar
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    Quote Originally Posted by slumdog1971 View Post
    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.

    Quote Originally Posted by Cassandra Syndrome View Post

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

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