Treasurer Stacy Garrity Announces Continued Investment in Israel Bonds

Harrisburg, PA - Pennsylvania Treasurer Stacy Garrity today announced the reinvestment of $20 million with Israel Bonds.

“For more than three decades, Israel Bonds have been a strong, dependable investment for the Commonwealth. Not only does this investment support our greatest ally in the Middle East, but it has delivered great returns that have benefited Pennsylvania taxpayers.â€

Pennsylvania State Treasurer Stacy Garrity

As of Nov. 1, the Pennsylvania Treasury Department has $64.5 million in Israel Bond investments. This includes the recent reinvestment of $20 million that was initially invested in October 2023 following the Hamas terrorist attacks in Israel. This new bond has a three-year term with an expected return of 5.67% - higher than the 4.81% rate of U.S. Treasury Bonds.

Since 1988, the Pennsylvania Treasury Department has invested $373.5 million with Israel Bonds.

More than $58 billion has been invested in Israel Bonds in its 75 years, including $8.5 billion invested since October 7, 2023. Investments in Israel Bonds support Israel’s economic development and have a perfect record of on-time payments of principal and interest.

For the latest Pennsylvania Treasury news and updates, follow PA Treasurer Stacy Garrity on Facebook and @PATreasury on Instagram. You can also sign up for Treasury’s newsletter here.

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