Bloomberg News

Irish Debts Yields May Tighten as Bond Stock Shrinks, Glas Says

October 05, 2011

Oct. 5 (Bloomberg) -- Irish bond yields may tighten further as about 20 billion euros of privately-held sovereign and bank debt is repaid in the next six months, to be largely replaced by official funding sources, said Dublin-based Glas Securities.

The shift from private funding to financing from Ireland’s bailout partners “should boost demand for debt securities” of varying maturities as the supply in the market shrinks, according to fixed-income firm Glas.

“In recent weeks we saw the impact of a fresh wave of demand entering the Irish market,” Glas said.

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net

To contact the editor responsible for this story: Finbarr Flynn at fflynn3@bloomberg.net


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