Irish 10-year bond yields hit another record low

Investors are piling into bonds in anticipation of further stimulus measures by ECB

Ireland’s borrowing costs are now below that of the US and UK. Photograph: Brendan McDermid/Reuters

Ireland’s borrowing costs are now below that of the US and UK. Photograph: Brendan McDermid/Reuters

Irish borrowing costs hit another record low today in anticipation of further stimulus measures by the European Central Bank.

The yield on the State’s benchmark 10-year bonds dropped to 1.858 per cent at one stage this morning, the lowest since Bloomberg started tracking the bond data in 1991.

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