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Wed 10 Oct 2010Irish bond yields highest in a month
Irish bond yields spiked today as the collapse of Portugal’s budget discussions and Greece’s tax revenue shortfalls reignited concerns that peripheral European countries may struggle to cut their deficits.
The yield on Ireland’s ten-year bonds closed at 668 basis points today, the highest level in almost a month, while the spread between Irish sovereign debt and the benchmark German bund rose to 412 basis points, up from 393 yesterday.
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