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Monday 27 March 2023 Dublin: 9°C

# Government Bonds

All time
# Explainer
Explainer: Everything you've always wanted to know about bonds but were afraid to ask
The National Treasury Management Agency auctioned €1.5 billion of Irish government bonds last week.
# Bailout exit
5 reasons why the government decided to exit the bailout and go it alone
When the bailout ends, Ireland will not avail of a precautionary credit line, but why? Let us explain…
# Bond Markets
Ireland buys back €500 million of its own bonds
The NTMA cancels €500 million of debts due to mature next month, after buying the bonds on the second-hand market.
# Bond Auction
Ireland sells first 10-year government bonds since before bailout
The NTMA planned to raise about €3bn in an auction – but got bids for over four times as much, leading to the sale of €5bn.
# Bonds
NTMA announces issue of new 10-year bond 'in due course'
The bond will help restore market confidence in Ireland.
Draghi: ECB's bond-buying programme can't help Ireland escape bailout
The ECB president says the bank won’t use its bond-buying programme to ease Ireland out if its EU-IMF funding.
# Prom Night
Timeline: The 24 hours that secured the promissory note deal
It was dramatic, chaotic, uncertain and very confusing as Ireland struck a deal to tear up the promissory notes and repay Anglo’s debts over a longer period. Here’s how it unfolded…
# Moving On Up?
Ireland's cost of borrowing falls as NTMA formally issues new bonds
The body that manages Irish debt has formally issued new bonds to replace the promissory notes.
# Bailout
Ireland sells €1 billion in Bank of Ireland bonds
Michael Noonan said the sale marks the start of the process of recovering money for the Irish taxpayer.
# Bond Markets
NTMA in talks with investors on selling new 10-year bonds
The body in charge of Ireland’s borrowing says it’s looking at trying to sell Ireland’s first 10-year bond since 2010.
# Bond Markets
Ireland's cost of borrowing falls to lowest since April 2010
Bond markets responded positively to Greece’s proposal to buy back its debts – and Ireland is benefiting.
# Bond Markets
Cost of government borrowing reaches lowest level since bailout
Interest on a 9-year Irish bond – the benchmark bond currently in circulation – has fallen below 5 per cent.
# Bondwatch
Cost of borrowing for Ireland falls after German court ruling
The green light for the ESM from the German constitutional court has driven down the yield on Irish government bonds.
# Bonds
Irish bond auction welcomed but 'country is still on life support'
The NTMA auctioned over €4 billion in Irish bonds yesterday in the first long-term debt sale since the bailout.
# Bond Markets
Ireland raises €4.19 billion in first return to bond markets
Investors were willing to give us €4.19 billion in loans maturing in 2017 and 2020 – but they come at a cost.
# Explainer
Everything you wanted to know about the bond markets but were too afraid to ask
Ireland’s ongoing struggle is to get back to the markets – but what ARE the bond markets? Here’s our grind.
Column: Low rate of lending to Germany has put them in driving seat
The gap between those who can access the markets and those who can’t continues to wide, writes Nick Leeson…
# Bond Markets
Noonan dismisses plan for government bonds linked to tax income
Fianna Fáil’s Michael McGrath had asked the finance minister to consider a bond specifically linked to exchequer returns.
# Bond Markets
Norway sells off its entire stash of Irish government bonds
The Norwegian sovereign wealth fund fears that Ireland and Portugal bonds are not ‘predictable’ and could default.
# Spain
Spanish bond yields pass 6 per cent mark
Concerns build that Spain will follow Greece, Portugal and Ireland in needing a bailout.
# Bond Wars
German central bank 'to stop taking Irish bonds as collateral'
A German newspaper report says the Bundesbank won’t take Irish, Greek or Portuguese bonds from banks any more.
# Debt
Explainer: What's reportedly being discussed in talks on Ireland's bank debt?
RTÉ says Ireland’s banks could be given bonds by the EFSF, which could then be used to go to the ECB and get funds.
# Promissory notes
Confirmed: Noonan announces deal on promissory notes
The government had been in negotiations for some time with the European Central Bank over the €3.1 billion note which was due to be paid by this Saturday.
# Promissory notes
ECB set to discuss Irish deal on promissory note
Bloomberg reports Patrick Honohan will formally ask the ECB’s permission today to restructure Ireland’s promissory notes deal.
# Promissory notes
Noonan outlines possible changes to promissory note deal
The Finance Minister has told the Dáil that the €3.1 billion repayment due next week could be converted to a long-term bond instead.
# Bond Markets
Ireland returns to bond markets with €3.53 billion 'swap offer'
The NTMA swaps €3.5bn in bonds, which were maturing in January 2014, for paper maturing in February 2015.
# Back to Life
Ireland plans to return to bond markets this year
The NTMA’s John Corrigan reveals that Ireland will stage a “phased re-entry” with the sale of short-term bonds this year.
# Federal Reserve
Federal Reserve hands over $76.9 billion profit to US government
The United States’ central bank made a near-record profit last year, thanks to its growing stash of US government bonds.
# Italy
ECB demands that Italy plough ahead with tough austerity plans
Silvio Berlusconi has been forced to drop some plans in a bid to win political support – but Jean-Claude Trichet isn’t too pleased.
# Markets
Global stocks dive on poor economic data, recession fears
US, Asian and European markets suffered through another hard day as fears of US economic stagnation and concerns about European banks spooked investors.
# Eurozone
Bond yields dive, and Euro up, as markets embrace Brussels deal
The cost of borrowing for Europe’s strugglers is falling this morning, after leaders struck deals on gentler bailouts.
# Precious Metals
Gold prices continue surge as investors dump debt
Precious metals always do well when all else seems risky – and it’s more than double its price of five years ago.
# Junk
European Commission slams "incomprehensible" Moody's downgrade
Jose Manuel Barroso’s spokesman says the Commission can’t understand why Moody’s is taking such a dim view.
# Bondwatch
Irish bond prices rocket - again - on 'junk' downgrade
If Ireland borrowed for two years, it would have to pay 18.6 per cent interest – 14 times what Germany would.
# Euro Crisis
Emergency EU meeting amid fears Italy could be next in crisis
Herman Van Rompuy has called top officials together for talks as the markets show jitters over Italian government debt.
# Shock
Ireland can avoid a second bailout in 2012, says S&P
Some good news? Really? A senior director at Standard & Poor’s says we’ll be able to borrow without international help.
# Irish Banks
Irish Life shares tank after stress test results
Shares in AIB and Bank of Ireland have a good day – but Irish Life & Permanent shares fall through the floor.
# Bondwatch
Bond prices surge again after Portuguese budget defeat
The costs of borrowing for both Ireland and Portugal take a battering in the aftermath of the latter’s prime minister quitting.