My Way News - Irish bond yields hit euro-era high, banks sink

My Way News - Irish bond yields hit euro-era high, banks sink: "DUBLIN (AP) - Yields on Ireland's bonds reached a new euro-era high Friday as investors dumped the nation's debt securities, and Irish bank shares also kept falling in expectation the banks are heading toward greater state ownership.

Analysts said Ireland's bonds and banks are getting battered because deep skepticism remains that an international bailout loan - whose details are expected to be unveiled Sunday - will be enough for Ireland to resolve its debts.

Speculative media reports in Dublin and Brussels fueled nervousness, with claims that the International Monetary Fund and European Central Bank experts driving the loan talks in Dublin would like to make Ireland's senior bondholders - chiefly foreign banks - eat losses in Ireland's debt-crippled banks. The IMF and European officials made no official comment on the topic."

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