Irish UK bond value rises
The value of holdings of British government bonds held by Irish residents rose by 11.4pc by the third quarter of last year to €255bn, or 40pc of the total holding by Irish residents of government bonds.
The move came despite the rising risks of a cliff-edge Brexit, which could cause losses to any holder of sterling denominated bonds as the pound could fall as much as 10pc in reaction to a cliff-edge exit, according to central bank forecasts.
There are just 50 days to strike a Brexit deal that would avert the UK falling out of Europe without a deal.
The total value of securities held by Irish residents was €2.93bn.
Overall, Irish corporate and government debt held by households stood at €83bn. Euro-area debt excluding Ireland held by them stood at €417bn, according to the Central Bank of Ireland.
Holdings of quoted shares increased by 14.8pc to almost €865bn over the past year. In a separate release, the Central Bank of Ireland estimated that non-resident holdings of Irish bonds stood at €74.6bn out of a total of €131.2bn in December 2018.
Within the next five years, €49.3bn of government bonds will mature. Of this, €30.2bn will mature in the next three years. Non-residents hold 59.6pc of bonds maturing within the next five years, the Central Bank said.