Ireland Tries to Stem Bond Selloff With Debt Auction
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Ireland will sell as much as 1.5 billion euros ($1.96 billion) of bonds today as the government attempts to convince investors the country can avoid a European Union bailout.
One day after the premium on Irish 10-year debt over German equivalents rose to a record, the Dublin-based National Treasury Management Agency is offering between 1 billion euros and 1.5 billion euros of four- and eight-year bonds. The auction results will be announced after 10 a.m.