Israel gov't bond yields hit 13-year high
Amid the ongoing war, the risk of Israel's ten-year dollar bonds is priced slightly higher than countries like Peru, Mexico and Hungary.
Source: globes.co.il
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Amid the ongoing war, the risk of Israel's ten-year dollar bonds is priced slightly higher than countries like Peru, Mexico and Hungary.
Israel-Iran tensions and the strength of the dollar worldwide have the exchange rating touching NIS 3.80/$.
The strengthening dollar worldwide, regional tensions and reports that Israel will exceed its fiscal deficit target are all weakening the shekel.
Economists believe that the strengthening of the shekel stems from domestic matters.
Bank Leumi: The market expected the rating cut and responded to it before it happened.