The National Treasury Management Agency has sold €750m of 2026 bonds at its second auction of the year at a yield of 0.817%.

The agency said that demand for the ten year bond was more than double the supply.

Today's auction indicates that fears about "Brexit" and the presence of a caretaker government are not having an impact on the country's credit worthiness for the moment. 

Ireland is already fully funded for this year and since January has raised almost €5 billion out of a guided range of €6-10 billion of debt to finance the state into 2017.

The NTMA last month raised €100m throught its first 100-year debt placement.

It will hold another bond auction on May 12 in spite of slow and unpredictable talks over forming a government.

The appetite for the €750m debt auction today was stronger than in February when the NTMA borrowed €1 billion from investors on behalf of the state.

The total value of bids for the bonds in February was 1.8 times the amount available.

Finance Minister Michael Noonan said that today's succesful bond sale "shows us that international communities continue to have confidence in the Irish economy and its continued growth".

Meanwhile, France yesterday sold 20 and 50-year bonds to lock in ECB-depressed borrowing costs.