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Mon 08 Aug 2010Honohan says Anglo Irish cost a 'shock to the system'
The cost of Irish borrowing rose today ahead of the National Treasury Management Agency (NTMA) auctioning two bonds to raise €1.5 billion.
The premium investors demand to hold Irish 10-year debt rather than the German benchmark widened by 6 basis points to 299 basis points today, bringing it closer to the euro-era intraday record of 316 points reached on May 7th. The NTMA is due to sell 4 and 10-year bonds tomorrow.
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