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#NTMA

# ntma - Thursday 21 July, 2011

Stresses in eurozone 'overshadow' Ireland's economic progress: NTMA

The resolution of the eurozone issues are “fundamental” to Ireland returning to the bond markets next year, the NTMA says in its annual report.

# ntma - Wednesday 13 July, 2011

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.

Department of Finance 'disappointed' by Ireland's junk status

Moody’s decision to downgrade appears to indicate we’ll need a second bailout.

# ntma - Wednesday 29 June, 2011

NTMA staff paid an average of €7,700 in 2010 bonuses

NAMA staff are among those who received additional payments for 2010. Two million euro was paid out in total.

# ntma - Wednesday 22 June, 2011

Government lowers pay ceilings for semi-state chief executives

But the State’s next round of public CEOs will still earn as much as the next President, and more than the Taoiseach.

# ntma - Monday 13 June, 2011

Mr Noonan goes to Washington: Minister begins investment tour

The Minister for Finance is trying to drum up new business – and will meet the man who stopped us burning the bondholders.

# ntma - Tuesday 7 June, 2011

Noonan: Ireland has enough cash to get to mid-2013 at least

The Minister for Finance insists Ireland has enough bailout funds to get to mid-2013 at worst – but the opposition isn’t sure.

# ntma - Saturday 28 May, 2011

Senior NTMA and NAMA staff waived €850k bonuses for 2010

While some staff at the National Treasury Management Agency received bonuses, three major CEOs declined theirs.

# ntma - Wednesday 30 March, 2011

The Daily Fix: Wednesday

TheJournal.ie’s round-up of the evening’s top stories – and the interesting tidbits of the day.

Sale of EBS halted by the government EBS

Sale of EBS halted by the government

The National Treasury Management Agency says the sale of the building society was not ‘commercially attractive’

# ntma - Tuesday 22 March, 2011

AIB says payment ‘will be made’ following rumours of default on bond interest repayments

AIB insisted that “payment will be made” after a rumour that Ireland has missed a scheduled interest payment on its bonds sent the price of short-term borrowing spiralling earlier today.

# ntma - Thursday 3 March, 2011

Scale of economic problems revealed to parties

Fine Gael and Labour have said that the true scale of the economic crisis has been revealed to them during briefing in recent days – and described the news as “sobering”.

# ntma - Sunday 27 February, 2011

Irish government sought bank bailout from Libya

A report says that Brian Lenihan knew of a visit to Libya to secure funding for troubled Irish banks.

# ntma - Tuesday 8 February, 2011

High Court approves sale of Anglo and Irish Nationwide assets

The National Treasury Management Agency can now begin auction process of Anglo and INBS deposits.

# ntma - Friday 14 January, 2011

The 9 at 9: Friday

Nine things you need to know by 9am: Cowen under fire as questions about his relationship with Anglo refuse to go away; the body of Michaela is brought home, and why piracy might be the next economic growth area.

# ntma - Friday 7 January, 2011

Ireland 'could return to bond markets' this year

The NTMA says it hopes it can bypass Ireland’s bailout funds – as the cost of serving our debt eats up 15% of the tax take.

# ntma - Tuesday 16 November, 2010

EU official: Ireland in talks to accept dual bailout

Ireland is speaking to the EU and the IMF about seeking money for itself and its banks, says a diplomat.

# ntma - Monday 4 October, 2010

State appoints PwC to help run nationalised AIB

PricewaterhouseCoopers gets the AIB gig – despite having said Anglo would only cost a total of €4bn. Whoops.

# ntma - Friday 1 October, 2010

The world reacts to Ireland's Black Thursday

International commentators invoke a raft of dire imagery – from bodies flung off skyscrapers to a children’s story book – to describe the economy’s downward trajectory.

# ntma - Thursday 30 September, 2010

Cowen admits bond cancellation is because of high yields

The Taoiseach says we’re not borrowing because of its costs – while the NTMA had earlier said it was a precaution.

# ntma - Friday 24 September, 2010

ECB holds off on intervention as bonds breach 6.55%

The market price of 10-year Irish government debt reaches another record – but there’s no European intercession.

# ntma - Thursday 26 August, 2010

IRELAND’S short-term treasury bill auction this morning seems to have gone rather well. Demand for the six-month treasury bills was ten times more than supply, and saw the bonds sold off with an average yield of 1.978% – compared to a 2.458% yield at the last similar auction just two weeks ago. Eight-month bills were four times oversubscribed with an average yield of 2.35%, down from 2.81%. That that, S&P!

THE NATIONAL TREASURY MANAGEMENT AGENCY (NTMA) is to hold a treasury bill auction today, hoping that a strong investor uptake will help the country soothe the fears of jittery investors.

The price of the interest offered on bills and bonds auctioned by the NTMA depends on how much investors demand – which in turn is determined by whether investors are confident or nervous about the chance of their original investment not being returned.

Today’s auction – of short-term treasury bills, maturing between three months and a year – will hope to raise €600m for the Exchequer, but also act as an early chance for Ireland to put the impact of the Standard & Poor’s ratings downgrade behind it.

A strongly-contested auction would drive rates down, showing that investors might be taking the S&P downgrade with a pinch of salt.

The NTMA itself criticised S&P’s decision to decrease Ireland’s rating to AA- from AA on Monday night, saying the projections assumed that the final cost of the banking bailout would vastly exceed the costs projected domestically.

Bids for the auction are closing about now (10:30am), and the yields will be disclosed later today.