Economics
Israel Bonds Gain as Stocks Decline on U.S. Growth Concern
This article is for subscribers only.
Israel’s 10-year bonds gained as a decline in global stocks bolstered demand for the relative safety of government assets amid concern about the pace of economic growth in the U.S.
The Standard & Poor’s 500 Index retreated for a fourth day and oil declined after weaker-than-forecast reports on U.S. manufacturing, employment and consumer confidence last week led traders to raise bets the Federal Reserve will keep rates near zero. The Tel Aviv 25 Index of the country’s 25 biggest companies fell 0.1 percent to 1,229.20 at the 4:30 p.m. close in Tel Aviv. Earlier, the benchmark lost as much as 0.5 percent.