Irish bond yields back to highest level in 3 months

IRISH bond yields shot back up yesterday, to their highest level in more than three months — another knock-on effect of investor uncertainty over a solution to the eurozone debt crisis being found.

The yield — or the interest rate quoted by buyers of government debt — on 10-year Irish bonds rose from 7.7% to 8.21%.

That is their highest level since early July and the rise follows a positive number of weeks when Irish yields fell.