LCH.Clearnet has cut the additional margin required on the Irish government’s bonds, Reuters reports. The clearing house cut the margin from 80% to 65% for long positions on the bonds when clearing transactions through its Repoclear service. The move follows a change in the risk premium on Ireland’s debt relative to a triple-A benchmark. Ireland’s 10-year government bonds now command a 776 basis points premium over equivalent German debt.

Click here for the story from Reuters.