Ireland's first bond auction since exiting its EU bailout appeared set to be a blockbuster at the time of writing, with the government reportedly receiving indications of interest worth €9B for a planned sale of €3B in 10-year debt. The demand caused the yield on existing 10-year paper to drop 9 bps to a multi-year low of 3.26% compared with a peak of 15% in 2011.
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