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Thu 10 Oct 2008Market views Irish lenders as less of a risk
CREDIT SWAPS:THERE WERE signs yesterday that the Government's decision to guarantee the Irish banking system was having a positive impact.
Credit-default swaps - a proxy measure of how easy it is for banks to borrow from other banks - for the Irish banks guaranteed by the Government declined sharply yesterday as the market took the view that they were now less of a risk.
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