LCH Clearnet Lowers Margin Requirement for Irish Bonds
Clearing house LCH.Clearnet said Thursday it is lowering the margin it requires for positions in Irish government bonds cleared through its RepoClear service.
The additional margin required for Ireland will be dropped to 35% from 45% for long positions in its bonds.
The decision came as the 10-year Irish/German government bond yield spread hit 526.1 basis points, according to Tradeweb. Ireland’s 10-year government bond yield was around 7.13%.
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