Cost of Irish borrowing rises on bets for more global interest rate hikes

US futures markets now indicate that there will be another US rate hike of three quarters of a point in November

The yield or interest rate on the Irish 10-year bond rose to 2.75%.

The costs of borrowing for Ireland and other governments in the eurozone rose on Friday afternoon on expectations that global central banks will push interest rates higher.

The yield or interest rate on the Irish 10-year bond rose to 2.75%, the cost for French government to borrow money for 10 years rose to 2.8%, the cost for Italy increased to 4.8%, and the German bond rose to almost 2.2%.