Government Stocks

arrowloopboy

Anyone know anything about these ?
I'm speaking of the ones quoted in the Irish times.

Isoaxe

I think you'll have to elaborate.....

mono627

Isoaxe wrote: »

I think you'll have to elaborate.....

Agree.

Any links?

arrowloopboy

Their actually Bonds lads,its a misprint in the Times.
Just wondering how safe these are,according to a broker at NCB their government guarnteed for the life of the bond,not sure if this counts for much.(same as deposit guarntee except they cover the life of the bond).

SBWife

They're government guaranteed but on occasion governments default - it's reasonably rare but happens. For example, Argentina defaulted on it's bonds in 2002 and the bondholders eventually received restructured debt a couple of years later of 25 to 35% of the value of the original bonds. It's a difficult decision for a government to make and is really only done as a last resort because it closes the state off from raising money in international markets, Argentina still hasn't returned to the bond markets following it's default AFAIK.


BTW Gerry Adams has said that if his party were to win the election Ireland would default on their bonds completely ignoring the implications this would have both economically and politically.

dunkamania

The OP asked about Government stocks (whatever that is), not Government bonds

Edit - oops ,Missed post 4, my bad

friendface

dunkamania wrote: »

The OP asked about Government stocks (whatever that is), not Government bonds

I think he said that was a typo (see post 4), he is actually referring to Govt. Bonds.