Wires reporting comments from European Commission Exec VP for Tech Sovereignty, Security and Democracy Henna Virkkunen regarding the investigation by Swedish police of suspected sabotage of a telecoms cable in the Baltic Sea. Virkkunen says "We have been informed about the new cable breach and are following the investigation", adding the EU "will not accept these hybrid actions against us...Our submarine cable action plan is not only for the Baltic Sea area, it's for all of Europe."
Map of Undersea Cables in Baltic and North Seas

Source: Telegeography
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SOFR FIX - Source BBG/CME
| Type | 3-month EU-bill | 6-month EU-bill | 12-month EU-bill |
| Maturity | Apr 4, 2025 | Jul 4, 2025 | Jan 9, 2026 |
| Amount | E1.24bln | E1.35bln | E950mln |
| Target | E1.5bln | E1.5bln | E1.0bln |
| Previous | E1.391bln | E1.4bln | E1.449bln |
| Avg yield | 2.615% | 2.505% | 2.345% |
| Previous | 2.639% | 2.541% | 2.378% |
| Bid-to-cover | 1.45x | 1.73x | 2.94x |
| Previous | 1.91x | 2.16x | 3.09x |
| Previous date | Jan 08, 2025 | Jan 08, 2025 | Jan 08, 2025 |
The Dáil Éireann (lower house) meets for the first time in 2025 today to formally confirm Fianna Fáil (FF) leader Micheál Martin as Taoiseach (PM). The new gov't is similar in composition to that which governed Ireland from 2020-2024, with the centrist FF governing in coalition with the centre-right Fine Gael (FG).
An immediate focus for the new gov't will be US President Donald Trump's efforts to 'onshore' US firms currently based abroad. As WaPo reports, "U.S. multinationals account for about three-quarters of corporate tax revenue, [...] Without the corporate taxes filling the coffers, Ireland would be running a deficit. As it is, the country recorded a surplus of 21.9 billion euros for 2024."