Irish Yields Are Exploding Higher, As A Crucial Level Is Almost Breached

The global cheap-money bubble continues to ignore Irish debt, as yields have taken another monster leg up today.

As Calculated Risk noted yesterday, 8% is what it would probably cost a country to tap euroTARP, so they’re getting to where a bailout makes sense, mathematically.

Bear in mind, though, that the government isn’t going to market with more debt until early 2011, so there is time to get the yield down.

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