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Eurozone debt sales succeed

first_img Show Comments ▼ Tuesday 17 August 2010 8:28 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp KCS-content Sharecenter_img Eurozone debt sales succeed by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald whatsapp INVESTORS snapped up €1.5bn (£1.2bn) of Irish debt at auction yesterday, though the Dublin government was forced to offer high yields to tempt buyers. The auction attracted bids of €5.1bn yesterday, the strongest demand in an auction so far this year, in part due to yields far above the German gilt benchmark. Ireland will pay 3.62 per cent on four year bonds and 5.38 per cent to €1bn worth of 10 year bonds. Eurozone counterpart Spain also secured strong demand for its debt sale yesterday, offloading €5.51bn of bonds to tighten yield spreads against German government debt. Irish central bank governor Patrick Honohan warned that governments needed to convince investors they were committed to cutting budget deficits, even as he suggested in a speech yesterday that the cost of the Irish bank bailout may rise further.“There is, for these stressed sovereigns, no question as to whether national growth is best served by bringing the public finances back promptly to a convergent path,” he said yesterday. Honohan restated that Ireland was committed to reducing its deficit to an EU target of three per cent of GDP by 2014 Tags: NULLlast_img read more

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