The National Treasury Management Agency (NTMA) has completed an auction of €1bn of the benchmark Irish Government bonds this morning.
The NTMA sold €550m of bonds at a yield of 0.689pc which will mature in 2026, and €450m worth of bonds with a yield of 1.648pc which will mature in 2037.
With the completion of today’s auction, the NTMA has issued €10.5bn benchmark bonds, from its stated target range of €9 to €13bn in the bond markets this year.
While the NTMA could have locked in negative interest rates on shorter-dated paper – meaning investors effectively pay the Irish Government to hold the bonds – investor demand has gravitated to longer-dated maturities.
Article Source: http://tinyurl.com/kbwqb42
- 21 Belvedere Place, Dublin 1
- +353 1 855 4188
- +353 1 836 6550
- 15 Oct 2018Rising interest rates are expected to cool the market for wind farms
- 15 Oct 2018Budget picks
- 15 Oct 2018Irish food supplier Greencore to sell entire US business for €927m
- 12 Oct 2018Brexit the big cloud in bank’s forecasts for jobs and growth
- 12 Oct 2018Iseq hits two-year low as market volatility returns