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Irish Borrowing Costs Hit Bailout-Era Highs Again

Ireland's 10-year bond yield rose to 3.68% on September 15 — the highest since late 2013, when the State was exiting the international bailout. Money markets now price four more ECB hikes over 12 months, and the State faces a refinancing wall of ~€20B in both 2030 and 2031 as the first EFSF bailout loans come due.