Ceasefire agreement boosts confidence, Israel's debt default insurance costs drop to post-war low
After the ceasefire agreement between Israel and Hamas last week, the cost of default insurance for Israeli government bonds remained at its lowest level since the outbreak of the Gaza conflict. JP Morgan analyst Anatoliy Shal stated in a report: "The end of the Gaza war means a decrease in risk premium, a return to a sustainable fiscal path, and the easing of supply constraints." According to S&P Global Market Intelligence, the five-year sovereign credit default swap spread for Israel fell to 71 basis points last Friday, the lowest level since October 10, 2023, and remained at that level on Monday
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