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Government Bonds
Bond yields dive on news of Anglo restructuring plan
THE MARKETS seem to have responded strongly to news of the Anglo Irish Bank restructuring plan. The 10-year bond yield had sat at 6.046% in the forty minutes before the restructure was announced; in the minutes afterward it fell to 6.012% and is now falling back to the happier side of the 6% mark, at 5.991% within an hour after the plan was announced.
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