SYDNEY/LONDON—Conflict in the Middle East lifted oil and safe-haven government bonds and hurt global stocks and Israeli assets on Monday after Friday’s sizzling September U.S. jobs report raised the rate stakes for inflation figures later in the week.
Israeli government bonds fell, with the 2120 ‘Hundred Year’ bond down 5.3 cents on the dollar at a record low. The shekel sank to its lowest since early 2015 at 3.9880 per dollar, prompting the country’s central bank to offer to sell up to $30 billion of foreign currency to maintain stability.
