Irish bonds untroubled by snap election threat

A potential for a snap election has generated huge interest from abroad but Irish bonds and the euro were left untouched as investors bet the effect on the looming Brexit summit would be limited, writes Eamon Quinn.

The cost of borrowing for the Irish state over 10 years ticked higher to 0.59%, but the gains were in line with other eurozone sovereign debt markets, which suggests the political drama in the Dáil was having little effect on markets.

Local analysts said they fielded calls from international traders who were trying to get a grip on the consequences of Irish politics on the Brexit talks.