In yesterday's links, I pointed to two links showing that Ireland had regained bond market access. Here is more evidence that Ireland is regaining bond market access.
First, there was the Franfurter Allgemeine article that said Ireland was going to market with 4-year paper. I said "they believe their recovery warrants their ability to tap bond markets at decent yields. They had already gone to market for short-term paper in the summer but now they are putting a toe in the long end to see appetite for Ireland. Given BBVA’s low yield and the appetite for risk it shows, this seems like a good time for Ireland to go to market."
Then, the second article, released after a successful bond auction said Ireland "added €2.5 billion by way of a syndicated tap to its 5.5% bond maturing October 2017....
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.