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Saturday 28 January 2023 Dublin: 4°C

# Bondwatch

All time
# Bonds
NAMA redeems €2.5bn in bonds
National Asset Management Agency recently reported profits of €211m.
# Bond
State-owned Permanent TSB pays €1.3bn to bondholders today
The repayment is part of over €17 billion that will be paid to bondholders by Irish banks in 2013.
# Bond Markets
Bond auction sees Ireland’s cost of borrowing fall dramatically
The NTMA successfully raises €500 million at a cost far lower than two months ago.
# Bondwatch
Cost of borrowing for Ireland falls after German court ruling
The green light for the ESM from the German constitutional court has driven down the yield on Irish government bonds.
# Bond Auction
NTMA to raise another €500m on bond markets this week
The treasury agency will auction €500 million of three-month bills on Thursday.
# ECB
ECB's bond-buying is not a breach of its rules - Merkel
But that’s not what her Central Bank thinks…
# ECB
ECB may buy Irish bonds at end of bailout programme
The European Central Bank’s new bond-purchasing programme will see the bank lend to countries coming out of bailout programmes.
# Markets
Ireland returns to the markets today - here's what you need to know
The NTMA is set to try and raise money for the first time since Ireland was bailed out, with a €500m debt auction.
# Explainer
Everything you wanted to know about the bond markets but were too afraid to ask
Ireland’s ongoing struggle is to get back to the markets – but what ARE the bond markets? Here’s our grind.
# danger here
Spanish borrowing costs nearly triple in short-term auction
Spain issued some 3-month and 6-month bills this morning – but saw its rates rocket following its bailout request.
# Bond Markets
Spanish auction sees cost of short-term loans rocket... again
Spain sold off €3 billion in 12-month bills, but paid the price as investors continued to demand a high premium for their money.
# Yikes!
Euro crisis: Spanish cost of borrowing hits 7pc as investors seek safety
The costs had fallen after Greece’s election, but are back up this morning as the fear of contagion remains…
# Bond Markets
Euro crisis: Spain's cost of borrowing rockets as Lagarde warns of 'race against time'
If you were lending cash to the Spanish government for 10 years, you’d get an annual interest rate of 6.76 per cent.
# Daily Fix
The Daily Fix: Monday
All the day’s main news as well as the bits and pieces you may have missed…
# Top of the Class
The world’s best-performing asset in the last year… Irish government bonds
Anyone who bought Irish bonds second-hand 12 months ago must be feeling pretty smug by now…
# Bond Markets
Noonan dismisses plan for government bonds linked to tax income
Fianna Fáil’s Michael McGrath had asked the finance minister to consider a bond specifically linked to exchequer returns.
# Bond Markets
Norway sells off its entire stash of Irish government bonds
The Norwegian sovereign wealth fund fears that Ireland and Portugal bonds are not ‘predictable’ and could default.
# Bond Markets
ECB may re-enter bond markets after Italian auction flops
Investors declined the opportunity to buy short-term Italian bills this morning, seeing interest rates double from last month.
# Bond Markets
Back to the markets: NTMA prepares to issue annuity bond
The National Treasury Management Agency will sell annuity bonds, possibly up to 35 years in maturity, later this year.
# EFSF
EU bailout fund overcomes downgrade with successful bond auction
The EFSF sells six-month bills with an average interest rate of 0.2664 per cent – despite being downgraded yesterday.
# Bondwatch
Spain raises nearly €5bn in successful short-term bond auction
Spain sees the interest rate for 12-month bonds fall significantly, while Belgium has mixed results in an auction of its own.
# Bond Markets
Back with a bang: ECB bought €3.77 billion of bonds last week
After slowly winding down its programme of hoovering up eurozone debt, the ECB was called back into action in a big way.
# Downgrade
S&P runs riot in the eurozone: France loses AAA rating as Portugal turns to junk
A French downgrade is bad news for us, too – because Europe’s bailout fund is also likely to be downgraded by S&P.
# Back to Life
Ireland plans to return to bond markets this year
The NTMA’s John Corrigan reveals that Ireland will stage a “phased re-entry” with the sale of short-term bonds this year.
# Bondwatch
Good news for the euro? Italian bond yields fall below 5 per cent
The financially troubled country received a favourable response to its latest bond auction.
# Eurozone
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.
# Euro in crisis
Bond markets turn up the heat on Spain and Italy
Some of Europe’s largest economies will find it tougher and tougher to survive without a crippling bailout…
# Junk
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.
# Bondwatch
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.
# Bondwatch
Bond prices surge again after Portuguese budget defeat
The costs of borrowing for both Ireland and Portugal take a battering in the aftermath of the latter’s prime minister quitting.
# Portugal
Portugal facing choppy waters after Moody's debt downgrade
The ratings agency cuts the rating it gives to Portuguese government debt, down two notches from A1 and A3.
# Bondwatch
Irish bonds break all-time high – just after coalition deal is published
The price of government borrowing was higher yesterday than it was when we accepted the €67.5bn bailout in November.
# Bondwatch
Portuguese treasury build auction sees yields rise
Portugal issues €1bn in twelve-month bills, while buying back some of its older debt – but the results aren’t ideal.
# Spanish economy
Moody's warns of downgrade to Spanish debt
The ratings agency says it’s considering a downgrade for Spain – but the news doesn’t make a major impact on bond markets.
# Bond Markets
Euro rallies after Spain offloads new bonds
Is the Eurozone debt crisis dying? Spain’s bond yields might be up, but the Euro is picking up speed afterward.
# Markets
Markets give cautious welcome to Ireland's bailout announcement
The Euro stays flat, but Ireland’s bailout hasn’t stopped worries over Spain and Portugal’s ability to repay their debts.
# Failed Bailout?
Bailout fears take their toll: Ireland's bonds hit 9%
Fears over the future of Ireland’s economy, and whether a bailout can be secured, sends borrowing costs to new highs.
# Markets
Banks collapse, bonds rocket as markets demand bailout finality
Shares in AIB, Bank of Ireland and Irish Life & Permanent all continue to dive, as the cost of government borrowing shoots up.
# Failed Bailout?
Bank shares tumble as bailout contagion fears continue
The markets are officially over the Irish bailout: bank shares are diving, while bond yields are still on the up.