Arab Today, arab today irish debt at negative yields for first time ever
Last Updated : GMT 17:06:30
Arab Today, arab today
Arab Today, arab today

Irish debt at negative yields for first time ever

Arab Today, arab today

Arab Today, arab today Irish debt at negative yields for first time ever

Eurozone member Ireland
Dublin - AFP

Eurozone member Ireland on Thursday auctioned short-term public debt at a negative yield for the first time as the European Central Bank's stimulus programme drives down borrowing costs across Europe.
The National Treasury Management Agency sold 500 million euros ($532.77 million) of six month treasury bills at a yield of minus 0.01 percent.
Negative yields mean investors will pay to lend money to those seeking cash. But they can still make money should for example the eurozone suffer a period of deflation, or negative inflation.   
Bond prices meanwhile rise when yields drop, handing investors another way of making money from government debt delivering negative rates of return.
The European Central Bank recently embarked on its long-awaited quantitative easing programme aimed at preventing the eurozone from sinking into deflation.
Over at least 18 months the ECB plans to buy 60 billion euros' worth of bonds per month to lower long-term interest rates with the aim of fostering spending and investment.
A number of countries across the eurozone, including Germany, Finland and France, have now raised money at negative interest rates.
Ireland's negative rates marks a remarkable turnaround for the eurozone nation after high borrowing costs on international markets forced it to seek an EU-IMF rescue in late 2010.
Dublin has implemented a series of tax hikes and spending cuts since 2008 and last year its economy grew at the fastest rate in Europe.
"Our yields are closer to the northern European economies than the southern ones that have trouble with their fiscal numbers," said Conall Mac Coille, chief economist with Davy Stockbrokers.
"It shows we've built up a lot of credibility on the markets in terms of our growth prospects and to sticking to budgets and hitting targets," he told AFP.
Ireland's Thursday's bill auction attracted significant interest with total bids of 1.965 billion euros on offer, 3.93 times the amount.
Last week, Ireland raised one billion euros of 30-year-debt at a yield of 2.07 percent.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today irish debt at negative yields for first time ever Arab Today, arab today irish debt at negative yields for first time ever

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:06 2017 Sunday ,26 February

Britain banks on robots, AI to boost growth

GMT 12:00 2017 Sunday ,26 February

China to allow more IPOs to attract capital

GMT 06:31 2017 Sunday ,26 February

Consumer prices up in Canada

GMT 06:15 2017 Sunday ,26 February

Tsipras: Era of austerity is over

GMT 00:18 2017 Sunday ,26 February

How to make your money last as long as you do
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday