On Ireland’s bond success

I listed Ireland in two of my surprises for 2013. I wrote that Ireland’s government bonds do not outperform again. Greece outperforms this year.  I also wrote that Ireland goes to OMT. The first prediction is probably more controversial than the second now that Ireland has issued its benchmark bond with success. There are questions about Ireland's success though.

The Telegraph reports that, "traders said the new debt would yield around 4.15pc, compared to a yield of 3.7pc on Ireland's current benchmark 2020 bond. At the height of bailout fear less than two years ago, the yield on the 2020 bond had stood at more than 15pc." I would call this success. Like me, Divyang Singh at IFR believes the next stop for Ireland is OMT. Let's review the situation to OMT.
First, getting to OMT and maki...


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