Yields fall as Fitch Ratings renews its Dáil election warning

The implied cost of borrowing on bond markets for Ireland yesterday fell to its lowest level since April as international traders — as had been expected — ignored the uncertain outcome of the Dáil election.

Fitch Ratings repeated its warning that the next government should not rely on what it describes as “radical political elements”.

The ratings firm nonetheless believes that any new administration will focus on reducing debt.