Israeli Bonds Rise With Stocks as Netanyahu Wins Election
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Israel’s benchmark government bonds rose to the highest in more than two weeks and stocks gained after preliminary election results showed Prime Minister Benjamin Netanyahu in lead position to form a new coalition government.
The yield on the 3.75 percent benchmark bonds due March 2024 dropped five basis points to 1.59 percent at the close of trading. The TA-25 Index of stocks increased 1 percent to 1,578.90, the highest on record. The shekel slipped 0.4 percent to 4.0246 per dollar as of 5:47 p.m. in Tel Aviv.