The cost of borrowing for the country continues to hit record highs today.
The interest rate demanded by investors to lend money to Ireland for ten years stands at 9.26% this eveing.
The spread between Irish bonds and those of Germany also rose above 680 basis points, hitting a new high for the ninth session in a row.
Portuguese and Spanish bonds are also coming under renewed pressure on the international bond markets.
Finance Minister Brian Lenihan has said the main reason why Irish bonds yields are rising is because of uncertainty surrounding European Union plans for future debt.
But Mr Lenihan also said it appeared that the markets did not fully believe the bank recapitalisation figures published at the end of September.
Irish bond yields saw their biggest one-day leap since the launch of the euro yesterday in the face of mounting investor unease over the country's shaky public finances, placing the European bond market under serious strain.
Irish economy basically sound - Papandreou
The Greek Prime Minister, George Papandreou, has said he hopes the markets will respond positively to Ireland's attempts to deal with its financial situation so that the Government does not have to avail of the IMF EU bailout mechanism.
Mr Papandreou, whose own country is currently the recipient of €110 billion of EU-IMF rescue funding, was addressing a meeting of international broadcasters in Athens on the Greek economic crisis. He was asked about the difficulties facing other countries such as Ireland, Spain and Portugal.
The Greek prime minister said he believed the Irish economy was basically sound but was being subjected to bond attacks.
At least, he said, the rescue mechanism was there should Ireland or other countries need to avail of it.
He also stressed the need for greater solidarity within Europe on the economic crisis, because what happened in one country had an impact throughout the EU and beyond.
Earlier, European Commission president Jose Manuel Barroso said today that the EU stood ready to support Ireland 'in case of need', after Irish bond yields soared to record levels on public debt fears.
Watch Jose Manuel Barroso's speech here
'What is important to know is that we have all the necessary instruments in place,' he told reporters in the South Korean capital ahead of a G20 summit of world leaders.
Barroso, who heads the European Union's executive arm, said that 'in case of need, the EU is ready to support Ireland'.
'We are monitoring the situation closely,' he said, adding that the EU is supporting the efforts of the Irish authorities to bring the deficit down.
Euro zone bonds came under serious strain yesterday as investors took flight, with Portugal and Ireland - besides Greece - struggling to rein in public debt.
