Bond yields moved above 8 per cent this morning, despite reassurances from Minister for Finance Brian Lenihan in recent days that Ireland would not need to access a bailout fund.
At 1.04pm, the yield on the Irish 10-year Government bond was 8.284 per cent, 0.345 per cent higher than yesterday’s close of 7.939 per cent.
Bonds in Ireland, Portugal and Greece have plunged since European Union leaders agreed on October 29th to consider German Chancellor Angela Merkel’s proposal for a permanent rescue mechanism as of 2013 that would involve debt restructuring with losses for private holders of sovereign bonds.
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Dean Popplewell
He has a deep understanding of market fundamentals and the impact of global events on capital markets.
He is respected among professional traders for his skilled analysis and career history as global head
of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean
has played an instrumental role in driving awareness of the forex market as an emerging asset class
for retail investors, as well as providing expert counsel to a number of internal teams on how to best
serve clients and industry stakeholders.
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