Cost of borrowing rises to 6.43%

Cost of borrowing rises to 6.43%

Ireland's cost of borrowing has hit a new record high this morning.

Ten-year bond yields have risen from last week's high of 6.41% to 6.43%.

Business Journalist Tom McEnaney said two factors were at play in the rising prices - on-going speculation about whether Ireland will need a bail-out from the International Monetary Fund (IMF), and that bond yields always rise in advance of the Government going to the market.

The National Treasury Management Agency (NTMA) will try to raise up to €1.5bn for the Exchequer in a bond auction tomorrow.


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