Bond and tax data a welcome surprise for Government

The positive momentum in the economy received a double boost yesterday with huge demand for the Government’s 30-year bond and better-than-expected exchequer returns.

The NTMA raised €4bn through a 30-year bond at a reported yield of 2.088%, with demand in the region of €11.2bn.

The agency has so far raised €8bn, which means it is already more than halfway to meeting its €15bn target for the year.