Irish govvies cushioned for no-deal Brexit, say analysts

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By Burhan Khadbai
13 Aug 2019

Irish government bonds are unlikely to come under severe pressure in the event of a no-deal Brexit according to analysts, which would result in the UK leaving the European Union without a withdrawal agreement and the creation of a hard border in Ireland.

“Would a disorganised Brexit be a credit event for the sovereign of Ireland? Probably not, and any nervousness would be a buy opportunity,” said Ciaran O’Hagan, head of euro area rates strategy at Société Générale.

“So far fear of Brexit has been beneficial in the short term to Ireland ...

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