Irish bond rates reach new low amid talk of aggressive ECB stimulus

Irish Times | Aug 15, 2019 at 5:54 PM
  • The market interest rate on Irish government bonds plunged to a fresh all-time low on Thursday on talk of more aggressive than expected stimulus measures from the European Central Bank.
  • The yield on the State’s 10-year bonds, which stood at 1 per cent in January, fell as low as minus 0.147 per cent, meaning investors are prepared to pay to hold the Republic’s money.
  • European banking stocks have been among the worst affected by increasingly dovish tones coming from ECB governing council members, as their earnings remain highly sensitive to the state underlying economy and interest rate levels.