Irish yields, CRH jump on Trump

Irish bond markets, along with other debt markets in Europe, traded wildly yesterday, while CRH rose again on stock markets as investors tried to second-guess the effects of the unexpected election of Donald Trump will have on Europe’s politics and companies.

“It was volatile,” said Ryan McGrath, senior bond trader at Cantor Fitzgerald Ireland, of the wide fluctuations in the yields of Irish government bonds and those other eurozone countries.

On stock markets, shares in CRH, which, of all Irish shares, has the most to gain should Mr Trump follow through on his infrastructure spend pledge, jumped again, by almost 2%.