By Anchalee Worrachate and Keith Jenkins
Nov. 4 (Bloomberg) -- The European Central Bank bought Irish government bonds today, according to three traders with knowledge of the transactions.
The ECB purchased 10-year bonds, the traders said under condition of anonymity because the deals are confidential. A central bank spokesman in Frankfurt declined to comment.
Irish 10-year bonds slid for an eighth day, the longest run of declines since January 2009. The yield on the securities jumped 23 basis points to 7.79 percent as of 10:52 a.m. in London. The extra yield investors demand to hold the debt instead of German bunds rose to a record 520 basis points.
--With assistance from Matthew Brown in London and Jana Randow in Frankfurt. Editors: Daniel Tilles, Peter Branton
To contact the reporter on this story: Anchalee Worrachate in London at aworrachate@bloomberg.net
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net
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