I mean " significant" is subjective but its in the tens of billionsI doubt if state savings form significant part of overall governmentborrowings
State Savings are 8% of Ireland's debt https://www.ntma.ie/business-areas/funding-and-debt-management/statistics
I don't think funding is a driving force in state savings. After all why have maximum holdings? It is more of a social service which has tended to match but be slightly ahead of retail deposits. The interest rate on deposits and mortgages seems very slow to rise for reasons I don't understand but they will some time soon.Well the NTMA announced that they are fully funded for the rest of the year already, so they don't need to raise any money, so can't see any reason for them to raise their rates anytime soon.
State savings are really good value for the Exchequer now that yield on ten-year market debt is over 2% now.Well the NTMA announced that they are fully funded for the rest of the year already, so they don't need to raise any money, so can't see any reason for them to raise their rates anytime soon.
What's the tax treatment for an Irish resident?I’m going to withdraw it and buy UK government GILTS, 4% plus yield
The pound isn’t the Argentinian Peso, while it could weaken further, I don’t believe for a second that a default is likely, 4% plus even on the two yearWhat's the tax treatment for an Irish resident?
Is the currency risk worth it?
Nor do I.I don’t believe for a second that a default is likely,
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