Ireland’s bond premium rose 13 basis points to 475 basis points today.

Ireland May Have One Month to Stave Off Bailout: Euro Credit

Thursday, November 4, 2010
By Dara Doyle

Irish Finance Minister Brian Lenihan may have just one month to stave off an international bailout.

The extra yield that investors demand to hold Irish 10-year bonds over German bunds surged to a record today as Lenihan tries to put together a 2011 budget by Dec. 7 that convinces investors he can get the country’s finances in order.

“The behavior of international bond markets suggests the government’s various announcements haven’t convinced markets that we are on a credible, stable path,â€