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Citi On The IRISH Ramifications Following PM’s Resignation

EGBS

Citi note that “IRISH paper took in stride yesterday’s surprise resignation of Varadkar as PM and the head of Fine Gael party, moving largely in line with the rest of the semi-core.”

  • “Any implications for credit will depend on whether the elections (due by Feb 2025) are brought forward.”
  • “This, in turn, would likely be determined by the choice of the new party leader, who is likely to be elected before the party’s annual conference in mid-April.”
  • “For now, this doesn’t change our bullish view on the credit, expressed via 30yr longs vs RFGBs.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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