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Markets
Irish Stock Exchange Totally Oblivious To Yawning Bond Yields
The price of 10-year borrowing just keeps getting higher – and yet, shares still seem to be doing pretty well.
Someone tell Irish stock investors that the bond market thinks the government could go broke (or close to it).
Everything’s totally hunky-dory on the equity side of things. Moral Hazard anyone?
Republished with permission from Business Insider.
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