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Tue 09 Sep 2010Irish bonds hit historic high as yields inch above 6%
Irish bond spreads widened today and yields inched above 6 per cent, rising above the peaks reached at the height of the sovereign debt crisis in early May.
The spread between the benchmark 10-year bond and the German bund was 372 basis points this afternoon, while the yield earlier rose sharply, by over 30 points, to a new euro lifetime high of 6.011 per cent at one stage, before falling back to 5.98 per cent at 5pm.
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