An auction of government bonds will test the market's sentiment towards Irish debt this morning.
The National Treasury Management Agency (NTMA) is expected to raise up to €1.5bn for the Exchequer.
Ten-year Government bonds moved to a new record high of 6.5% at one stage before falling back to 6.48% by the close of markets yesterday. The rate moved upwards again this morning, to 6.56%.
However senior dealer with National Irish Bank Eoin Callan said that today's auction was just part of a bigger picture.
"It's more the medium-term fiscal path that this country follows that's really important...if we're going to look after ourselves without having to go for outside help," he said.