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Irish 10-year yield below U.S. for first time since 2007
NEW YORK (MarketWatch) -- The yield on the Irish 10-year government bond fell below that for the comparable U.S. Treasury notes on Thursday for the first time since November 2007. The move comes amid measures announced by the European Central Bank Thursday to stimulate the euro zone economy, which sent European bond yields down. Struggling European countries have also seen bond yields fall sharply over the past few years amid investor hunger for riskier debt. The Irish 10-year government bond yield dropped 7 basis points on Thursday to 2.573%, while the 10-year U.S. Treasury yield yield rose 1.5 basis point to 2.624%, according to Tradeweb. Yields fall as bond prices rise.
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