Ireland works on core with curve extension as QE hopes mount

Ireland took a firm step towards joining the eurozone core this week by extending its curve to 15 years with a bond that market participants said was the clearest sign yet that it was pulling away from the rest of the periphery. But the gap between Europe’s top borrowers and weakest names may be about to narrow further very soon. This could be in response to moves by European Central Bank president, Mario Draghi, who opened the door a little further to full blown quantitative easing.