Ireland's cost of borrowing has continued to fall today, after the yield on Irish 10-year bonds hit record low levels yesterday.
A scarcity of bonds - highlighted by the Bank of England's (BoE) inability to meet its bond-purchase target - has driven interest rates on government debt to record lows across the board.
In the week prior to the Brexit vote on 23 June, the interest rate on Irish 10-year bonds stood at 0.84%.
Yesterday that yield on Irish debt fell to a record low 0.37%, and today it is lower again at 0.34%.
Peripheral euro zone bonds have become popular recently as economic uncertainty has led to an easing of monetary policy globally.
Now further demand has been placed on euro zone bonds after the BoE failed to find enough willing sellers to meet its bond purchase target for the first time since it started buying government bonds in 2009.
German 10-year yields have fallen further into negative territory at -0.1%, while the Netherlands bond yield rate is also negative at -0.01%.
This has seen investors move towards peripheral euro zone bonds, such as Ireland, which would have a relatively higher rate of return.
Investors seeking alternatives
Spooked by the end of a 30-year bond bull run and bouts of money printing which have pushed stock values out of kilter with economic reality, high-profile investors are turning to fine wines, classic cars and jewels, research and index data show.
Even legendary bond investor and ex-Pimco boss Bill Gross said last week that he now favoured real assets like land and gold over more traditional investment classes.
This growing interest saw rare coins, collectable jewellery and classic cars join fine wine among the top performers in the year to end-March, the latest Knight Frank Luxury Investment Index showed.
