Bond markets indifferent to formation of Dáil majority

Beware politicians in the coming weeks who, in the name of the national interest, cite the spectre of financial markets to hurry on some deal or other to form a new Dáil majority.

It is safe bet to say that the eyes of the financial world will be elsewhere when the Dáil next meets, on March 10.

During the election campaign, the spectre was raised that Ireland would face higher borrowing costs, just like Portugal and Spain when their recent elections produced inconclusive outcomes.