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Update on Ireland

It seems Ireland is out of the woods for the time being. They were able to sell 4 and eight year bonds today. Details are available on Bloomberg. Although the interest rate on the longer bonds is a hefty 6%+, it must be a relief for them just to sell the bonds. Ireland is now fully funded through the first half of next year. Now that they are, Ireland will most likely be almost entirely off the radar of the U.S. mainstream media. It will be very important to remember that Ireland will be coming back to the markets in nine months, and the situation there will most probably be changed either for better or worse.