The yield on Irish debt continues to surge this morning, as the market for much of the sovereign’s debt has dried up.
According to @thejournal_ie, the country 10-year bonds are now yielding 8.921% while the 2-year is yielding 6.6%. Earlier the yield curve inverted, with the 4-year at 8.241% and the 6-year at 8.136%, according to @LorcanRK.
A plan is in development to sort out the Irish problem to provide a Greek style bailout to Ireland, according to Handelsblatt (via http://imarketnews.com/node/22262).
CDS on Irish sovereign debt has also spiked this morning, to 617.2 bps on 5-year CDS, according to CMA.
Check out this chart from Bloomberg on the 10-year, now at 8.91%.
Business Insider Emails & Alerts
Site highlights each day to your inbox.