Ireland's 10-year bond rate jumps on ECB hike fears 

Goldman Sachs said it expects the ECB to raise interest rates thrice this year, taking the so-called terminal or peak rate to 3.5% 

Last week, ECB President Christine Lagarde reiterated the central bank would keep raising rates to dampen price pressures, repeating the bank's most recent guidance. Picture: Micheal Probst/PA

Eurozone government bond yields rose sharply and the interest rate on the Irish 10-year bond traded over 3%, as economic data bolstered expectations for more aggressive action over interest rates from the European Central Bank (ECB). 

Goldman Sachs said it was expecting the ECB to raise interest rates thrice this year, taking the so-called terminal or peak rate to 3.5% from 3.25% estimated earlier.