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Israel's longer-dated dollar bonds rally - Tradeweb
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Israel's longer-dated dollar bonds rally - Tradeweb
Nov 25, 2024 8:13 AM

LONDON, Nov 25 (Reuters) - Israel's longer-dated U.S.

Dollar bonds rallied on Monday, Tradeweb data showed.

The 2060 maturity gained the most, adding 1.6 cents to bid

at 67.97 cents by 1544 GMT, its highest since early October.

A senior Israeli official said that Israel's cabinet would

meet on Tuesday to weigh a ceasefire deal with Hezbollah that

could be cemented in coming days.

The country's central bank on Monday also left interest

rates unchanged for the seventh straight meeting, saying

inflation remains high but that military conflicts are keeping

economic growth weak.

Israel's five-year credit default swap - a measure of the

cost of insuring government debt against default - also dipped

two basis points to 120 bps, on track to close at their lowest

in nearly six months according to S&P Global Market

Intelligence.

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