Israel 10-Year Bonds Gain on Bets Slower Inflation to Halt Rates
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Israel’s 10-year bond rose, pushing the yield to the lowest level in more than a week, on bets a decline in food and energy prices may slow inflation and reduce the pace of interest rate increases.
All 22 economists surveyed by Bloomberg predict the Bank of Israel will leave the rate at 3.25 percent on June 27. The yield on the benchmark Mimshal Shiklit due January 2020 retreated for a third day, falling two basis points, or 0.02 percentage point, to 5.14 percent at the 4:30 p.m. close in Tel Aviv. The shekel strengthened 0.2 percent to 3.4048 per dollar at 5:51 p.m.