The TA-25 index decreased 0.2% over the week, bringing year-to-date increase to 2.7%.
The TA-100 index decreased 0.1% over the week, bringing year-to-date increase to 3.5%.
New Corporate Bond Index – Tel Bond Yields
The index, which was launched on Monday, February 18, includes corporate bonds rated (A) to (BBB-). The index includes 66 series of CPI-linked, fixed interest corporate bonds and currently has a market cap of US $13 billion.
This week the Ministry of Finance floated US $0.4 billion government bonds in an offering on the local market.
Since the beginning of the year, the Israeli government has raised US $2.8 billion from public bond offerings.
Composite State-of-the Economy Index
The Bank of Israel released figures indicating that the Composite State-of-the-Economy index increased 0.2% in January 2013, a rate higher than that registered in previous months.
The Central Bureau of Statistics released figures indicating that in the fourth quarter of 2012 the GDP increased 2.5% (annualized) the lowest level of growth since the third quarter of 2009. Since the beginning of 2012 there has been a continual decrease in the pace of quarterly growth.
Consumer Price Index
The Central Bureau of Statistics released figures indicating a 0.2% decrease in the Consumer Price Index in January 2013, following a 1.6% increase in 2012.