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Wed 03 Mar 2010Irish bonds outperform all euro states bar Austria
IRELAND’S BONDS are poised to outperform those of every other euro member except Austria this quarter as investors bet it will be more successful than countries such as Greece in cutting its budget deficit.
The State’s debt returned 3.4 per cent this year, according to Bloomberg/EFFAS indexes. Yields on 10-year Irish bonds fell to within 128 basis points of those on German bunds on March 12th, a 14-month low.
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