Traders report that the well-know NY-based think tank is standing by its claim that Ireland has accepted a bailout package.
Seems dubious to me because Ireland does not have any immediate cash needs, unlike Greece which was low on funds and had expiring bonds it needed to roll-over.
I think Ireland ultimately will take a bailout but probably not until early next year after the latest austerity budget raises less revenue than expected…
Irish spreads are a shade wider, at 615 bp from about 600 bp 30 minutes ago…