LONDON, June 12 (Reuters) - The cost of insuring
Israel's debt against default rose on Thursday, and its bond
prices slid, as regional security concerns spiked and the
country's own government wobbled.
Israel's five-year credit default swap rose 7 basis points
from Wednesday close, to reach 105 bps, according to S&P Global
Market Intelligence, while its international dollar bonds slid
more than 1 cent. The 100-year issuance, which matures in 2120,
shed more than 1.3 cents to be bid at 66.76 cents on the dollar,
Tradeweb data showed.
The United States restricted government employees' travel
outside Israel's cities, and pulled some personnel out of the
Middle East, due to escalating tensions with Iran.
Israel's parliament rejected early on Thursday a preliminary
vote to dissolve itself, giving the ruling coaltion led by Prime
Minister Benjamin Netanyahu more time resolve its worst
political crisis yet and avoid a ballot that polls suggest he
would lose.