Ireland raises €1.25bn at 3.5% amid bond market turbulence

Ireland successfully issued €1.25bn in bonds at a yield of 3.5%, a level now exceeding many household mortgage rates, despite recent turbulence in global bond markets. The higher borrowing cost reflects rising sovereign yields across Europe, and the issuance tests investor appetite for Irish debt in a volatile rate environment. The move signals continued market access but at a cost that may pressure fiscal policy.