Irish bond yields rise above 9% as trading costs hiked; Merkel says no Eurozone country requires debt “restructuring”
Nov 25th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish 10-year bond yields rose above 9% today following the decision of LCH.Clearnet, Europe's biggest bond clearing house, to increase the cost of trading Irish securities for the third time in as many weeks. Meanwhile, German Chancellor Angela Merkel said no Eurozone country right now that would require debt “restructuring.”