Irish Government borrowing costs fall sharply

Lower bond yields imply Ireland will have little difficulty raising money this year — but the eurozone could be facing recession

Finance Minister Paschal Donohoe.

The implied cost for the Government to borrow from international debt markets fell significantly yesterday, as traders reined in expectations for European Central Bank rate increases over the coming months.

The yield, or interest rate, on the Irish 10-year bond traded at 1.83%, down in the session, and sharply lower compared with the yield of 2.4% less than a month ago.