Oireachtas Joint and Select Committees
Thursday, 13 February 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 28 - Accounts of the National Treasury Management Agency
Chapter 29 - Clinical Indemnity Scheme
2012 Annual Report and Accounts - National Pensions Reserve Fund
2:50 am
Mr. John Corrigan:
There are two dynamics in that regard. One is the German Government bond yield, which is currently about 1.6% at the ten year level. As things normalise, we will see the German Government bond yield rise. The question is whether, in a benign scenario, we can shrink the spread at which we are trading over Germany. That would absorb some of the upward pressure which otherwise would be put on the Irish Government bond yield.
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