by Calculated Risk on 11/07/2010 10:23:00 PM
Sunday, November 07, 2010
NY Times on Irish Bond Yields
From Landon Thomas at the NY Times: Irish Debt Woes Revive Concern About Europe
The yield on Ireland’s 10-year bond climbed to 7.6 percent on Friday ... Its debt woes have stoked fear that it might even need to follow Greece and request a bailout from the European Union and the International Monetary Fund.Ireland has until next June to make progress. If Ireland does need a bailout next year, it will probably come from the European Financial Stability Facility (EFSF) - and at rates of around 8%.
...
For the moment, at least, that outcome seems improbable. Unlike Greece earlier this year, Ireland has enough cash on hand to allow it to finance government operations through June 2011.
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