Free Trial

On Nov 8 Ireland.......>

IRELAND BOND AUCTION PREVIEW
IRELAND BOND AUCTION PREVIEW: On Nov 8 Ireland taps the market for a combined
Ireland E0.75bln. On offer are the re-openings of the 3.9% Mar-23 IGB, and the
0.9% May-28 IGB. 
HISTORY: At the last auction of the 3.9% Mar-23 IGB on Apr 12, E0.633bln was
allotted at an average yield of 0.202% with a bid-cover ratio of 1.8.
- At the last auction of the 0.9% May-28 IGB on Sep 13, E1.0bln was allotted at
an average yield of 0.888% with a bid-to-cover ratio of 2.4
RV/BACKGROUND: The 2s10s curve has bull flattened across the last month, and the
10-year benchmark IGB currently trades at a yield of 1.015%. The 5-year
benchmark IGB has also gained currently trading at a yield of 0.018% having been
at 0.122% on Oct 11. 
- Ireland have already surpassed their planned issuance for 2019. 
TIMING: Results are due shortly after the auction closes at 1000GMT. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.