Irish 10-year bonds tumbled for a 12th day, leading a rout in debt from Portugal to Greece, as LCH Clearnet Ltd. demanded its clients place a larger deposit when trading the nation’s securities after yields soared. LCH said it was boosting the margin requirement on Irish govt bonds by 15% of net exposure. The yield on the Irish 10-year bond surged 61 basis points to 8.70 percent at 3:11 p.m. in London. – Bloomberg
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!