Debt sold from Dublin outperforms its troubled peers

FOR all of Ireland’s efforts to distinguish itself from Greece, it’s their similarities that have helped debt sold from Dublin to outperform all peers since last month’s meeting of European leaders.

Irish securities returned 11% from July 21 through Tuesday, the best among 26 government debt indices compiled by Bloomberg and the European Federation of Financial Analysts Societies.

The bonds jumped as euro- area officials agreed to ease the rate on loans for all bailed-out nations to stem contagion from the region’s debt crisis. Greek bonds were second with an 8.5% gain after the latest rescue package, while Portugal’s 4.3% profit for investors left it third.