Arab Today, arab today irish debt at negative yields for first time ever
Last Updated : GMT 06:18:29
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.

 

arabstoday
arabstoday

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

 



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 Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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