- ‘Very likely” Ireland will get EU financial assistance program- EU sources
- Assistance does not foresee any debt restructuring or haircuts for bond holders
The headlines are bullish for the euro but traders report very large sales from a Swiss bank keeping a lid on any rally. The order was being worked before the news and is still being worked, apparently…
Update: Over a yard of EUR has been sold by the Swiss bank, traders report.
Irish/German spreads are steady around 610 bp despite the headlines
