C cronley Registered User Messages 127 10 Nov 2010 #1 Are irish govt bonds yielding 8% a good buy. It seems the only risk is that the govt might default. Any views appreciated.
Are irish govt bonds yielding 8% a good buy. It seems the only risk is that the govt might default. Any views appreciated.
J jpd Registered User Messages 4,133 10 Nov 2010 #2 Rather than an outright default, they might roll over the bond for 5 or 10 years, so if you are depending on getting it back at par - tough, but probably not a default, technically
Rather than an outright default, they might roll over the bond for 5 or 10 years, so if you are depending on getting it back at par - tough, but probably not a default, technically
C Chris Registered User Messages 1,323 11 Nov 2010 #3 I believe a partial default is a very likely outcome, and the 8% interest would not make up for this.
I believe a partial default is a very likely outcome, and the 8% interest would not make up for this.