Trump’s Gaza deal raises Israeli dollar bonds, stocks, shekels

Israel’s international dollar bonds rallied on Thursday after Israel and Hamas agreed to the first phase of US President Donald Trump’s plan for Gaza.

Longer-dated maturities saw the biggest gains, with bonds maturing 2043 and after rallying more than 1 cent, Tradeweb data showed. Israel’s 2054 bond enjoyed the biggest gains, up 1.6 cents to be bid at 96.60 cents, its highest level in a year.

Bonds elsewhere in the region showed a more muted reaction. Egypt’s international dollar bonds climbed just over 0.3 cents for longer-dated maturities, while Lebanon’s traded broadly flat.

Israel’s shekel strengthened around 0.5 percent to 3.2591 to the dollar, LSEG data showed.

The country’s blue-chip stock index rallied 1.6 percent, closing in on a record high hit on Sunday.