Bond Values and Shekel Decline Following Israeli Air Strikes

LONDON: On Friday, Pakistan, Israel, and Egypt experienced a downturn in the value of their long-dated dollar bonds. Simultaneously, Israel’s shekel faced a significant drop following Israeli aerial assaults within Iran.

Bond Performance
  • Pakistan’s bond, maturing in 2031, decreased by slightly over 1 cent, with bids at 78.61 cents.
  • Israel’s bond, which matures in 2140, declined by 1.45 cents, with bids recorded at 65.61 cents on the dollar.
  • Egypt’s 2049 bond also experienced a fall of nearly 2 cents, with bids at 77.36.
Shekel Weakens

The shekel’s value weakened by 2% to stand at 3.63 against the dollar as of 0713 GMT. Earlier, it had touched 6.793 in overnight trading, marking its lowest point in seven weeks.

Context of the Declines

These financial shifts occurred after Israel initiated extensive strikes against Iran. This operation is reportedly aimed at preventing Iran from developing nuclear weapons. In response to the strikes, Iran reportedly launched approximately 100 drones toward Israeli territory, which Israel is actively attempting to intercept.