Department of Finance estimates record State surplus this year of €23.7bn - 7.5% of domestic economy

Rising interest rates and falling inflation have created a positive environment for this type of investment

Irish bond yields jump, in line with other European nations

Surging demand highlights wealthier investors’ unfair tax advantage

Bonds can offer better returns but are not without risk and, ideally, require substantial investment

Sale comes against backdrop of high inflation and rising borrowing costs around the world

Higher yields and worries about riskier debt fuel stampede into investment-grade market

An Appreciation