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Bailout Republic?

Bond prices shoot past 6% in early trading

THE EXTENSION of the government bank guarantee seems to have done little to assuage investor fears on the world markets: in early trading this morning, the yield on Irish 10-year government bonds has shot past the symbolic 6%, climbing from 5.983% to 6.018% shortly after 9am when main trading kicked off. It could be a very nervous day: watch this space.