first_img Show Comments ▼ BORROWING costs for Dublin and Lisbon jumped yesterday after investors were spooked by EU plans to force bondholders to share in the pain in the event of another sovereign debt crisis. Last week, EU leaders signed up to German chancellor Angela Merkel’s plan to deal with any repeat of Greece’s debt crisis, which stipulates that bondholders must share in any losses. At the time, Jean Claude-Trichet, president of the European Central Bank, warned that the proposed system would see borrowing costs jump, as creditors passed on the added risk to borrowers. Yesterday’s movements in the bond markets suggest he was right. Ireland saw the premium it pays over German bunds rise to 4.67 per cent, while the yield on its 10-year bonds reached 7.14 per cent, a rise of 0.22 points. Portugal saw its yield rise 0.16 per cent to 6.11 per cent, while borrowing costs for Greece and Spain also ticked up. However, credit rating agency Moody’s said Portugal, Greece and Ireland were likely to avoid sovereign bond defaults thanks to strong demand from local investors. KCS-content Share Yields on Irish and Portuguese bonds jump after bailout plans by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raidercenter_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapp Monday 1 November 2010 9:33 pm whatsapp Tags: NULLlast_img

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