Saturday 27 May 2017

Government raises €750m from bond markets

BONDS: It is much easier to raise equity on the markets in the US than in Europe
BONDS: It is much easier to raise equity on the markets in the US than in Europe

Independent.ie reporters

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.

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