Yields Blow Out Again, As Analyst Declares A Near "Buyers Strike" In The Irish Debt Market

Some artful commentary on the state of the Irish debt market.

Bloomberg:

“It’s close to a buyers strike at this point,” said Jens Peter Soerensen, chief analyst in Copenhagen at Danske Bank A/S, a primary dealer in Irish government bonds. “Something needs to happen in the next few weeks to change the dynamic.”

Once again, yields are blowing out:

chart

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