DUBLIN: Irish bond yields have so far avoided the contagion engulfing Southern Europe stemming from the latest developments in Greece.
Italian, Spanish and Portuguese bond yields today leapt forward by 20 – 30 basis points as Greece imposed capital controls on banks aimed at preventing the collapse of its financial system.
However, the yield on 10-year Irish notes, effectively the rate at which the Government borrows, remained largely unchanged at 1.6 per cent.
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