Bond yields push higher on downgrade and escalation

ISRAEL - Report 30 Sep 2024 by Jonathan Katz

1. Bonds sold off modestly yesterday on Moody’s two-notch downgrade and the escalation in the North.

2. Recent economic indicators point to growth acceleration in Q3, at least until the escalation in September.

3. With inflation expected to remain elevated for most of 2025, monetary easing will most likely be postponed.

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