Marc MacSharry (Sligo-Leitrim, Fianna Fail)
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Based on the NTMA's experience, what would the impact be? We are down to a bond yield of 0.5%; it was a very high a number of years back but, thankfully, bond yields have recovered since. Would it be a major statement to the markets if Ireland was not just debt managing but borrowing €5 billion as a Brexit contingency? I know we are talking about hypotheticals but what rate of increase could we expect on yields?