Government raises €750m from bond markets
THE government has raised €750m from the bond markets today.
The yield was 0.81pc while the bid/cover ratio was 2.7.
The money was raised by the National Treasury Management Agency, which manages the country's debt.
High expectations for the ECB's bond-buying programme have pushed global bond valuations to extreme levels recently, triggering a "large and vicious" sell-off in European debt, Goldman Sachs wrote in a note.