Ireland’s banking crisis is causing concern to investors, with fears rising that the government or Irish banks will be forced to tap the €440 billion European Financial Stability Facility.
The country's difficulties have been reflected in spiralling sovereign bond yields and CDS spreads. On November 8, Ireland’s five-year sovereign CDS reached a record 599bp. Three days later, the yield on the country’s benchmark 10-year bond hit 8.891%, and is fast approaching the yields on Greek sovereig
The week on Risk.net, July 14–20, 2017Receive this by email