Tel Aviv Stock Exchange Awaits Trading Amid US Bond Yield Fluctuations and Earnings Reports

The Tel Aviv Stock Exchange (TASE) is preparing for another busy trading day following modest gains on Wall Street and sharp movements in US bond yields. On the previous day, the Dow Jones, S&P 500, and Nasdaq each rose by 0.2%. US Treasury yields saw notable shifts: the 10-year yield dropped by 6 basis points to 4.64%, while the 30-year yield fell by 10 basis points to 5.18%, after reaching a high of 5.33% earlier in the week, its highest since June 2007. This volatility followed the US Treasury's decision to double its long-term bond buyback program to curb rising yields.

In Israel, the 10-year government bond yield declined by 5 basis points to 3.80%, mirroring the US trend. The TASE 35 index decreased by 0.3%, while the TASE 125 index remained stable. Sector performance was mixed, with the technology index falling 3.1% and the insurance index rising 4.2%. The market is also in the midst of an earnings season, with recent reports released by companies such as Rami Levy, Shikun & Binui, Electra Real Estate, Rani Zim, and Clal. Additional earnings announcements are expected today from Demari, G City, Nofar, Doral, Altshuler Shaham, Electra Consumer Products, Sugat, and Generation.

Oil prices showed no significant change this morning. Investors are closely watching these developments as they anticipate the opening of trading in Tel Aviv, balancing the impact of international bond market dynamics and local corporate earnings results.