Wednesday 18 January 2017

IMF cash would be cheaper for us

Published 23/09/2010 | 05:00

Referring to your report about Irish bond prices rising 6.5pc (Irish Independent, September 22), this was not the case.

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The yield or interest rate on the bond rose to 6.5pc. There is an inverse relationship between the interest rate on a bond and its price, as yields rise the price of the bond falls.

Furthermore, we should all be aware of the little tricks the bond market plays on us.

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