Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Irish bonds yields hit record low after upgrade
Dublin • Yields on Ireland's government bonds have fallen to record lows following a ratings upgrade, a stunning turnaround for a country that faced bankruptcy in 2010.
The payout on the benchmark 10-year bonds fell below 1.97 percent Monday following last weekend's one-notch upgrade by Fitch. The agency now places an A- grade on Ireland's bonds, just like Standard & Poor's, which upgraded Ireland in June.
The improved credit profile reflects Ireland's bailout exit in 2013 and expectations the economy will grow more than 3 percent this year.
Throughout Ireland's economic boom of 1994-2007, its 10-year bond yield never fell below 2 percent. After its property market collapsed in 2008, the yield soared above 14 percent as investors worried about default, and Ireland was forced to request an EU-IMF rescue loan.