Peripheral bonds back in vogue after Irish sale

By Economics Correspondent Sean Whelan The NTMA sells €3.75 billion worth of ten year bonds, and suddenly they are all at it! Spain is to offer €242 billion worth of bonds to the market this year – Italy will seek to borrow €470 billion.  Both countries’ ten year bonds carry higher yields than Irish debt. Of the bailout states, Portugal announced this week that it would “tap” an existing bond to raise €5 billion. It’s the kind of ‘first step …