Ireland sees strong demand for first debt auction since bailout exit

Ireland appeared to be experiencing enormous demand for its first debt auction since exiting its bailout in December, according to various media reports on Tuesday.Financial Times reported that the order book had already surpassed €13bn even though the Irish Treasury had originally planned to issue just €3bn-€3.5bn.In a separate report, Reuters said that the sale of the 10-year bonds could be priced later on Tuesday at mid-swaps plus 140 basis points. According to the agency, this would place the yield at current market prices just below 3.5%.Banks are now the best performing group out on the DJ Stoxx 600 rising by 1.97%.Shares of Lloyd´s are pacing gains on the Footsie, with a 2.5% advance. JM