Cancellation of non-tradeable bonds likely to be positive for the long end of the curve

ISRAEL - Report 25 Oct 2021 by Jonathan Katz

The Finance Committee of the Knesset approved the cancellation of non-tradeable government bonds as of July 2022, paving the way for Knesset approval by November 10, 2021. We view this reform as significant, expected to increase depth and liquidity in the bond market, and possibly supportive of the long end of the curve. Employment growth has stalled since July while job vacancies have moved higher; this could be due in part to the holiday season.

Now read on...

Register to sample a report

Register