C chippy Registered User Messages 99 6 Feb 2011 #1 Has Our Debt been sold on at a loss? Our debt has been sold on at a loss to someone else? Im not sure if i heard this right?
Has Our Debt been sold on at a loss? Our debt has been sold on at a loss to someone else? Im not sure if i heard this right?
P Protocol Registered User Messages 4,855 7 Feb 2011 #2 Well as bond yields rise, bond prices fall. So, yes, clearly our bonds trade below par. The original buyers are sitting on a paper loss, unless they hold until redemption. Some have sold on. So the new buyers have bought below par, maybe at 80.
Well as bond yields rise, bond prices fall. So, yes, clearly our bonds trade below par. The original buyers are sitting on a paper loss, unless they hold until redemption. Some have sold on. So the new buyers have bought below par, maybe at 80.
P Protocol Registered User Messages 4,855 7 Feb 2011 #3 There is a suggestion that the Irish Govt buy back our debt at these lower prices.
Brendan Burgess Founder Messages 54,687 7 Feb 2011 #4 Protocol said: There is a suggestion that the Irish Govt buy back our debt at these lower prices. Click to expand... Good idea. We borrow from the EU at 6% to buy back at 9%. Or maybe Eamon Gilmore will simply tell the international markets that 9% is not the right rate and they should change the yield to 3% Brendan
Protocol said: There is a suggestion that the Irish Govt buy back our debt at these lower prices. Click to expand... Good idea. We borrow from the EU at 6% to buy back at 9%. Or maybe Eamon Gilmore will simply tell the international markets that 9% is not the right rate and they should change the yield to 3% Brendan
M mmclo Registered User Messages 388 7 Feb 2011 #5 Not EG has "told them" anything Brendan. He is asking the people in a democratic election to support a course of action, one which has considerable support amongst a lot of economists and commentators or do we no longer live in a democracy?
Not EG has "told them" anything Brendan. He is asking the people in a democratic election to support a course of action, one which has considerable support amongst a lot of economists and commentators or do we no longer live in a democracy?