Irish bond rates reach new low amid talk of aggressive ECB stimulus

Yield on State’s 10-year bonds falls to minus 0.147%

Financial markets have been rattled this week by data  from both Germany and China. Photograph: iStock

Financial markets have been rattled this week by data from both Germany and China. Photograph: iStock

The market interest rate on Irish Government bonds plunged to a fresh all-time low on Thursday on talk of more aggressive than expected stimulus measures from the European Central Bank.

The yield on the State’s 10-year bonds, which stood at 1 per cent in January, fell as low as minus 0.147 per cent, meaning investors are prepared to pay to hold the Republic’s money. The yield on similar German bonds hit an all-time low of minus 0.7 per cent.

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