Irish Sells 10-Year Bond at Record-Low Yield as Election Nears
- Irish debt office sells $1.1 billion of bonds before vote
- Irish-German bond spread widens before Feb. 26 election
This article is for subscribers only.
Ireland auctioned 1 billion euros ($1.1 billion) of 10-year bonds at a record-low yield, even as the nation risks adding to political turmoil in Europe with an inconclusive election result later this month.
The National Treasury Management Agency sold the notes due in May 2026 to yield 0.999 percent compared with 1.156 percent a month ago when it sold 3 billion euros of the same bonds in a deal marketed by a group of banks. The sale in Dublin on Thursday drew 1.8 billion euros of bids, the debt office said.