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Israel 2-Year Swaps Gap Over Rates Swells to Highest Since 2011

Aug. 28 (Bloomberg) -- The spread between Israel’s 2-yr swaps and the central bank’s interest rate rose to 49 bps, the highest level since August 2011. * Traders expect the BOI to raise rates by 25 bps from 1.25% by April, according to interest-rate swaps data compiled by HSBC Holdings Plc * NOTE: The BOI kept the benchmark lending rate unchanged for the third time on Aug. 26 after quarterly growth surged and amid signs a global recovery is strengthening NSN MS59906TTDSI <GO>

To contact the reporter on this story: Tal Barak Harif in New York at tbarak@bloomberg.net

To contact the editor responsible for this story: Tal Barak Harif at tbarak@bloomberg.net

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