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Thursday 23 March 2023 Dublin: 11°C

# Government Debt

All time
# Thumbs up
Two out of three ain't bad: another ratings agency gives Ireland an A
The move should spark even more interest in our government debt.
Sold: NTMA sells €1 billion worth of Irish government debt
The yield of 2.967% is less than was previously expected.
# Finance
39 per cent jump in Government-issued debt in the last year
The liquidation of IBRC led to a rise in the twelve months between June 2012 and June 2013.
# Exchequer Returns
Exchequer returns show slight fall in tax take for February
The total tax take in February 2013 was €2.042 billion – down by €186 million on the same month from last year.
# the euro
Two-thirds of Irish people want to keep the euro
That, however, is a drop in confidence in the single currency on the last Eurobarometer survey.
# 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.
# Debt
Ireland's €500m government debt sale goes better than expected
Minister for Finance welcomes auction of Treasury Bills which fetched a 1.8 per cent yield.
# In summary
11 things to know about the IMF's latest Irish review
The latest IMF update on Ireland’s financial health, summarised into handy bitesized chunks.
# Spain
Rates up but Spanish bond sale passes off
Spain sold €2.5 billion in debt successfully this morning, with higher interest from investors than expected.
Voices
Column: The Irish default debate will be long – but we have to start it now
Economist Constantin Gurdgiev describes his work on a new book asking the question: What would happen if Ireland walked away from its debts?
# Bondholders
€1.5billion to be paid to senior AIB bondholders today
Independent TD Stephen Donnelly has described the payment as “criminal”.
Voices
Column: 10 reasons why Ireland should be praying for a second bailout
Cheap money, essential reforms, and a route away from gombeenism? A second bailout would have immense benefits for Ireland, argues NAMAwinelake.
# Bondwatch
Good news for the euro? Italian bond yields fall below 5 per cent
The financially troubled country received a favourable response to its latest bond auction.
Voices
Column: Ireland faces a decade of austerity – so let’s not waste it
Economists tell us we’ve got ten years of financial difficulty – so do we want to buckle under, or use this opportunity to reshape Ireland? Aaron McKenna writes.
# Italy
Italy's credit rating slashed by Standard and Poor's
The agency said a “weakening” economy and fragile government were putting the country at risk.
# Spain
Ruling Socialists take battering in Spanish local elections
The party of prime minister Jose Luis Rodriguez Zapatero loses most of its power, triggering calls for early general elections.
# Portugal
Portugal facing choppy waters after Moody's debt downgrade
The ratings agency cuts the rating it gives to Portuguese government debt, down two notches from A1 and A3.
# Bond Markets
Bond yields soar past 7.6% as investors look elsewhere
# Bailout Republic?
7.4% - investors fall away as government default fears continue
Up, and up, and up…
# Bailout Republic?
Government borrowing costs finish day at all-time high
# Bond Markets
Insuring against Irish default costs more now than ever before
Bad sign: purchasing insurance against an Irish bond default is more expensive today than it has ever been.
# Bailout Republic?
Ireland has "a month to stop bailout" - UCD economist
First Colm McCarthy, now Karl Whelan says the movements in bond markets leave Ireland on the brink of default.
# Bailout Republic?
Cost of insuring against Irish debt hits record high
# Bailout Republic?
Borrowing costs continue upward spiral amid IMF fears
The cost of borrowing for Ireland goes over 7% again, as investors buy into Colm McCarthy’s fears of an IMF bailout.
# Bond Markets
Government borrowing costs exceed 7% for first time
The cost of Irish borrowing is more expensive than ever – and briefly exceeded the 7% ceiling for the first time.
# Bond Markets
Government borrowing costs take yet another spike
As the government announces massive budget adjustments, the cost of Irish borrowing lies just off its all-time peak.