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Friday 4 December 2020
Moody’s ratings agency “delayed on the way down and on the way up” on Irish debt.
Today everyone’s been talking about a grim discovery in Offaly, Ireland’s bond market return and Ralf Lauren’s niece in a pub courtroom.
Demand for the 10-year benchmark bond amounted to €14 billion.
Stocks have been boosted this year by the upbeat global economic outlook, low interest rates and central bank stimulus policies.
The NTMA say that they will not “run out the door” to make a long-term bond sale.
Ireland will hope to sell €500 million worth of short-term treasury bills this week with the short-term loans are expected to go with little fuss.
The NTMA cancels €500 million of debts due to mature next month, after buying the bonds on the second-hand market.
The bond will help restore market confidence in Ireland.
The ECB president says the bank won’t use its bond-buying programme to ease Ireland out if its EU-IMF funding.
The body that manages Irish debt has formally issued new bonds to replace the promissory notes.
The auction is the latest in a series of measures undertaken by the National Treasury Management Agency as it looks to return Ireland to normal lending markets.
The body in charge of Ireland’s borrowing says it’s looking at trying to sell Ireland’s first 10-year bond since 2010.
The short-notice auction is the biggest since we were bailed out – and helps build up a cash buffer ahead of fiscal independence.
The deal will see some people get only a third of their money back – but others will get three times their investment.
Bond markets responded positively to Greece’s proposal to buy back its debts – and Ireland is benefiting.
Athens will buy back its bonds, for between 30 and 40 per cent of their face value, in order to clear its debts.
Ireland’s credit rating is still only BBB+, but Fitch says it’s no longer expecting to downgrade us again.
How much does it cost to bring football into disrepute on Twitter? And how do NAMA’s accounts look?
Prime minister Mariano Rajoy will hope that the hard-hitting Budget will soften the terms of any prospective bailout.
Interest on a 9-year Irish bond – the benchmark bond currently in circulation – has fallen below 5 per cent.
The NTMA successfully raises €500 million at a cost far lower than two months ago.
The green light for the ESM from the German constitutional court has driven down the yield on Irish government bonds.
However, John Corrigan does warn that “wider uncertainties” in the eurozone could be risk factor to Ireland’s progress.
The treasury agency will auction €500 million of three-month bills on Thursday.
But that’s not what her Central Bank thinks…
Things we learned, loved and shared today.
The European Central Bank’s new bond-purchasing programme will see the bank lend to countries coming out of bailout programmes.
The return to the bond markets is “an indication of progress”, it says – but the cost of borrowing is still way too high.
There is speculation that the eurozone bailout fund and the ECB could buy-up Spanish bonds in a bid to alleviate fears about the single currency.
The NTMA auctioned over €4 billion in Irish bonds yesterday in the first long-term debt sale since the bailout.
Stock markets around the world rocketed after the usually reserved ECB president insisted the euro would not be abandoned.
Things we learned, loved and shared today.
Investors were willing to give us €4.19 billion in loans maturing in 2017 and 2020 – but they come at a cost.
Ireland’s ongoing struggle is to get back to the markets – but what ARE the bond markets? Here’s our grind.
The NTMA says it wants to get back to issuing some bills ‘during the summer months’ to warm up for full re-entry.
Spain issued some 3-month and 6-month bills this morning – but saw its rates rocket following its bailout request.
Spain sold off €3 billion in 12-month bills, but paid the price as investors continued to demand a high premium for their money.
The costs had fallen after Greece’s election, but are back up this morning as the fear of contagion remains…
The latest IMF update on Ireland’s financial health, summarised into handy bitesized chunks.
The latest quarterly review of Ireland’s bailout paints a mixed picture…
THIS YEAR HAS given us a lot of unexpected things, but one of the bigger cultural changes of 2020 has been the wide-scale move to working from home.
Writing in TheJournal.ie today, Arlene Vithaldas of the UCC Academy argues that it’s time for society to change its view of a workplace that includes commuting to offices.
Some people have found that working from home has given them more time, because they don’t have to commute both ways or end up getting stuck in the office after hours.
However, others miss the collaborative nature and social aspect of being in the office, as well as the chance to regularly be in urban centres where offices tend to be located.
Today we’re asking: Do you enjoy working remotely?
Poll Results:
Share your story: voices@thejournal.ie
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