The Pennsylvania Treasury Department has announced a $25 million investment in Israel bonds, increasing its total holdings to $64.5 million as of July 1. The investment includes $20 million purchased following the Hamas attacks in October 2023.
The newly purchased bonds carry a return of 4.96%, approximately 100 basis points higher than comparable U.S. Treasury bonds. Pennsylvania has maintained investments in Israel bonds for more than 30 years.
Israel Bonds, formally known as the Development Corporation for Israel, has raised over $54 billion globally since its founding.
