NTMA: Sharp fall in Irish long-term debt interest rates

John Corrigan
The National Treasury Management Agency has said there has been a sharp fall in Irish long-term debt interest rates.
The NTMA said the yields being sought by investors have dropped to over 6%, compared to more than 15% this time last year.
The agency is planning to make a full return to the 10-year international markets this year or early next year.
NTMA chief executive John Corrigan said they would hold three or four more short term debt auctions of three-month treasury bills first.
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