(Bloomberg) -- Israel's benchmark Shahar bond yields fell to a record on speculation the central bank will cut interest rates in the next month as the currency strengthens against the dollar, and after U.S. treasuries' yields declined.
The Israeli shekel rose 4.7 percent in the past two months against the dollar and 9.2 percent in the past year. The Bank of Israel's quarter-point interest rate cut on April 22 failed to halt its advance. U.S. Treasury 10-year notes gained last week, pushing their yields lower amid signs inflation is moderating.
Read more at Bloomberg Bonds News
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