merrion street

Commenting on the NTMA’s auction of 6 year bonds, Minister for Finance Michael Noonan T.D. said:

“I welcome very much this sale of €750 million in government bonds at a yield of 0.157% and with 2.6 times the amount of offers needed to fulfil the auction.”

“The fact that the Irish Government can sell 6-year paper with a yield of one sixth of 1% is noteworthy. This shows that there is no market concern about the new Government or about the Programme for Government, which was published before the auction took place.”