NTMA plans summer bond issue

The National Treasury Management Agency is hoping to return to the bond market before the end of the summer, but the key to selling Irish long-term bonds will be the uptake by Irish pension funds.

A spokesperson for the agency reiterated the position, saying: “The NTMA previously indicated that it hopes to issue some treasury bills during the summer and that remains the position.”

Davy’s global strategist, Donal O’Mahony, said that the key to solving Ireland’s funding issues was incentivising Irish pension funds to buy Irish paper.