Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Israel sells out of wartime bonds in a month…”All bought in the U.S.”

Eugene Park Views  

Last month, it was revealed that the U.S. has purchased all the bonds that the Israeli government issued following a surprise attack by the Palestinian militant group Hamas. Notably, local governments and financial firms on Wall Street were the primary purchasers, and an exceptional $1 billion worth of bonds were sold within a month.

This surge in financial support for Israel from U.S. politics is believed to be due to the upcoming U.S. presidential election in November next year and a conscious effort to win the favor of Jewish organizations within the U.S. With the start of substantial financial support from the U.S., the Israeli economy, which had been shaky after the conflict, is expected to stabilize quickly.

According to CNBC on the 8th (local time), the $1 billion worth of Israeli government bonds issued by the Israeli Ministry of Finance following Hamas’s surprise attack on Israel on the 7th of last month were all sold in just one month. The Israel Development Corporation (DCI), which managed the bond sale, revealed that the majority of the bond buyers were U.S. local governments and financial firms.

According to the DCI, it’s the first time that Israeli bonds of over $1 billion have been sold out in just four weeks. The DCI disclosed that the main buyers of the bonds were over 15 U.S. state and local governments, including Florida, New York, Alabama, Arizona, Ohio, etc. While the primary customers for Israeli bonds have traditionally been Jewish financiers and organizations within the U.S., it is believed that state governments have been actively buying the bonds ahead of the U.S. election next year, mindful of the Jewish vote.

In an interview with CNBC, DCI representative Dani Nave said, “Local and state governments in the U.S., along with large and small investors, have clearly expressed their support for Israel,” adding, “This also shows their confidence in a strong and stable Israeli economy.”

The Israeli economy, which had been shaky since the start of the conflict with Hamas, is now receiving positive evaluations for its stabilization. If the war does not escalate and only limited conflicts with Hamas continue, a clear economic recovery is expected.

Yaniv Pagot, the trading manager at the Tel Aviv Stock Exchange, explained in an interview with a major foreign media, “So far, the battles are only happening in the Gaza Strip and not in the north (Lebanon). This fact is helping local investors to focus on fundamentals.”

<ⓒ투자가를 위한 경제콘텐츠 플랫폼, 아시아경제(www.asiae.co.kr) 무단전재 배포금지>

Eugene Park
content@www.kangnamtimes.com

Comments0

300

Comments0

[KOREA] Latest Stories

  • MrBeast Effect: How His Surprise Cameo Shakes Up YouTube
  • Rob Schneider's Stand-Up Scandal: Actor's Racially Insensitive Remarks Shock Politicians
  • FIFTY FIFTY: Second Phase and Comeback in the Works
  • Seoul City Threatens to Cut Power to Controversial Adult Video Festival
  • 'City Fisherman' Season 5 Wraps Up with Thrilling Final Showdown
  • Genesis Magma Division Sets New Standards in Performance

Weekly Best Articles

  • New Electric Sedans and SUVs: Volvo Expands Its EV Lineup with Bold Designs
  • Tesla’s Full Self-Driving Tech for Model 3 and Y Set for 2025—Can It Overcome Safety Issues?
  • California Police Frustrated by Tesla Model 3: Too Cramped, Not Practical
  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • Kim Sejeong on Kiss Scene Prep: ‘It’s Like Laying the Foundation for a Building!’
  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features
  • Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles
  • Fiat’s ‘Ugliest Car’ Makes a Comeback with Hyundai’s Pixel Design Twist

You May Also Like

  • 1
    BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later

    ENTERTAINMENT 

  • 2
    Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features

    TECH 

  • 3
    Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles

    TECH 

  • 4
    Fiat’s 'Ugliest Car' Makes a Comeback with Hyundai’s Pixel Design Twist

    TECH 

  • 5
    THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution

    BUSINESS 

Popular Now

  • 1
    Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected

    BUSINESS 

  • 2
    Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited

    ENTERTAINMENT 

  • 3
    Google's Tax Tricks: How They Pay Pennies on Billions in Korean Revenue

    BUSINESS 

  • 4
    BJ Juice Se Yeon Deletes ‘Suspicious’ Photo with Kim Haon—Fans Speculate Romance

    ENTERTAINMENT 

  • 5
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

Weekly Best Articles

  • New Electric Sedans and SUVs: Volvo Expands Its EV Lineup with Bold Designs
  • Tesla’s Full Self-Driving Tech for Model 3 and Y Set for 2025—Can It Overcome Safety Issues?
  • California Police Frustrated by Tesla Model 3: Too Cramped, Not Practical
  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • Kim Sejeong on Kiss Scene Prep: ‘It’s Like Laying the Foundation for a Building!’
  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features
  • Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles
  • Fiat’s ‘Ugliest Car’ Makes a Comeback with Hyundai’s Pixel Design Twist

Must-Reads

  • 1
    BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later

    ENTERTAINMENT 

  • 2
    Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features

    TECH 

  • 3
    Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles

    TECH 

  • 4
    Fiat’s 'Ugliest Car' Makes a Comeback with Hyundai’s Pixel Design Twist

    TECH 

  • 5
    THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution

    BUSINESS 

Popular Now

  • 1
    Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected

    BUSINESS 

  • 2
    Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited

    ENTERTAINMENT 

  • 3
    Google's Tax Tricks: How They Pay Pennies on Billions in Korean Revenue

    BUSINESS 

  • 4
    BJ Juice Se Yeon Deletes ‘Suspicious’ Photo with Kim Haon—Fans Speculate Romance

    ENTERTAINMENT 

  • 5
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

Share it on...