No big General Election risk in Irish bonds

There is little to no significant political risk flashing red in Irish bond prices, senior experts have said, although that might change in the event that a hung Dáil leads to a prolonged period in forming a new government.

The yield or interest rate on the 10-year Irish bond was trading yesterday at 1.04%, up by only four basis points on the day, and little changed over the past week even as opinion polls suggest a growing probability of an inconclusive outcome to the election next week.

Outgoing Coalition politicians have cited increased yields for Lisbon and Madrid following their elections to point out the supposed political risks facing voters here.