Ireland Makes Long-Term Bond Markets Return

Ireland’s made an effective return to the bond markets. 

The National Treasury Management Agency announced the move this morning with a swap of bonds due to mature in the next two years and a sale of new money as an eight year loan. 

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It’s the first such sale in nearly two years,  and follows from the successful bond auction of sort-term money earlier this month. 

Speaking to Clare FM, Finance Minister Michael Noonan says he’s restricted from saying much until the auction closes later this afternoon.