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Wednesday 6 December 2023 Dublin: 8°C

# Bond Markets

All time
Belgium, Spain and bailout fund perform better in bond auctions
There’s little respite for Greece, though, which is asked to pay a higher yield on an experimental auction of short-term bonds.
Second ratings agency set to downgrade EU member states
Moody’s follows the lead of Standard & Poor’s, complaining about “the absence of measures to stabilise credit markets”.
Ireland's doing better on the bond markets than everyone else (ish)
The Bank of England has been comparing the borrowing costs of countries in June and again last month – and we’re doing okay.
Italy pays nearly 8 per cent for three-year bonds
Italy faces its highest cost of borrowing ever, raising €3.5bn through the sale of three-year bonds at rates of 7.9 per cent.
Belgium follows Italy, Germany in seeing borrowing costs surge
Belgium successfully raises €450m in a bond auction, but pays its highest yield since 2000 – up by 1.3 per cent from last month.
Italy heads for bailout territory after awful bond auction
Italy raises €10bn in two short-term auctions – but sees its interest rates go through the roof, and into unsustainable levels.
"Disaster" German bond auction sends European markets down
Germany issues €6bn in 10-year bonds – but only €3.8bn were sold, leaving the central bank to step in and buy the rest.
Student study: Ireland could write off 85 per cent of its European debt
The pan-European ESCP business school says Ireland could get rid of €184bn in debts – by simply cancelling them out with others.
Spain in the firing line as borrowing costs hit new highs
The price of borrowing for Spain is approaching the 7 per cent barrier, after both Spain and France struggled with bond auctions.
Monti announces Italian cabinet - and will be his own finance minister
The new Italian cabinet is made up mostly of independent technocrats, and will see Monti double up as PM and finance minister.
Monti set to announce new Italian government
Mario Monti completes two days of tense negotiations, and is set to present his new government to the president this morning.
Italian borrowing costs spike again as coalition talks go on
The markets seem nervous about Mario Monti’s attempts to form a government – while a Spanish bond auction also goes badly.
The Daily Fix: Sunday
Catch up on the day’s main stories, as well as the bits and pieces you may have missed…
'Don't laugh': Romania still wants to join the euro
President Traian Basescu has insisted that his country is committed to fulfilling the entry criteria for the single currency by 2015.
Berlusconi facing crucial vote as fears grow over Italy
A normally procedural vote will be closely scrutinised as Italian borrowing costs hit new highs.
Kenny: Ireland has 'number of options' to further reduce bailout bill
Enda Kenny says Ireland can still reduce the interest on its bailouts, amid questions on why Greece is getting a haircut and Ireland isn’t.
European markets open down following Germany's bailout vote
US markets finished in positive territory last night, but a European rally faded – while Asian markets were flat this morning.
US markets slide despite Fed's $400bn bond investment
The US Federal Reserve announces the purchase of $400bn in 6-year and 30-year bonds, hoping to drive down interest rates.
Greece 'near deal' with troika - but may withdraw from Euro
Discussions with the EU and IMF are nearing a conclusion – but reports say the government wants a referendum on Euro membership.
ECB spent €14bn on Spanish and Italian bonds last week...
…and its input was virtually worthless, because prices today are pretty much exactly where they were seven days ago.
Markets enter panic mode as fears grow over Greek default
Rumours that Greece may still default have sent markets into a nosedive, as the Euro falls and the cost of borrowing rises.
ECB's chief economist quits over divisive bond-buying policy
Jürgen Stark is stepping down three years early – apparently in protest at ECB policies not favoured by his native Germany.
Merkel welcomes ruling, but insists: 'We will never back Eurobonds'
Angela Merkel welcomes the Constitutional Court’s decision – but says it does not mean the emergence of a closer fiscal union.
Germany’s Constitutional court upholds participation in EU bailouts
Germany was not acting unconstitutionally in sanctioning a Greek bailout, the court says – though future bailouts need greater approval.
Markets take a nose dive as bond crisis returns with a bang
Christine Lagarde says there’s a “crisis of confidence”. No kidding: markets are slipping while borrowing costs are back on the up.
Crisis averted? ECB eases off on bond-buying
The ECB spent €14.3bn buying Spanish and Italian bonds last week, down from €22bn the week before, as the crisis eased.
Dow disaster: 632-point drop is the 6th-worst in history
The Dow Jones ends its day deep in the red, as the S&P loses 6.6 per cent and the NASDAQ sheds nearly 7 per cent of its value.
US markets continue nosedive as investors dump shares for bonds
The US bond market responds brilliantly to the S&P downgrade, but the world’s stock markets are the obvious victims.
Europe teeters on the brink as Spanish, Italian borrowing costs rise
If it was borrowing today, Spain would pay 6.3 per cent interest for a 10-year loan – a level that can’t be sustained.
Bond yields dive, and Euro up, as markets embrace Brussels deal
The cost of borrowing for Europe’s strugglers is falling this morning, after leaders struck deals on gentler bailouts.
Stresses in eurozone 'overshadow' Ireland's economic progress: NTMA
The resolution of the eurozone issues are “fundamental” to Ireland returning to the bond markets next year, the NTMA says in its annual report.
European Commission slams "incomprehensible" Moody's downgrade
Jose Manuel Barroso’s spokesman says the Commission can’t understand why Moody’s is taking such a dim view.
Irish bond prices rocket - again - on 'junk' downgrade
If Ireland borrowed for two years, it would have to pay 18.6 per cent interest – 14 times what Germany would.
Varadkar says the Sunday Times "hyped up" his bailout comments
The transport minister says he has not been “confined to barracks” over the issue, and that the government’s position on the bailout is very clear.
Ireland can avoid a second bailout in 2012, says S&P
Some good news? Really? A senior director at Standard & Poor’s says we’ll be able to borrow without international help.
Government moves to play down Varadkar's second bailout comments
Leo Varadkar’s comments that Ireland may need a second bailout had officials at the Department of Finance scrambling to avert panic and insist Ireland is not planning on needing a second bailout.
Minister suggests Ireland could need a second bailout
Leo Varadkar says its unlikely that Ireland could return to the markets next year and appears not to rule out the need for a second bailout.