The cost of Israel's default insurance has skyrocketed

13-10-2024

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The cost of Israel's default insurance has skyrocketed

The cost of default insurance (CDS) on Israeli sovereign bonds has soared to its highest value in 12 years. This is how the market reacted to Iran's missile attack on the Jewish state, following the IDF's aggressive actions in Lebanon.

In addition, the credit rating of the " quite a normal country" continues to fall.

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