The Government of Israel and Hamas agreed to a ceasefire, with hostages to be released and humanitarian aid to enter Gaza, potentially ending the 15-month conflict. Following extensive negotiations, a truce between the parties has been established in alignment with the framework previously presented by the US in May.

Shafrir notes that Israel's risk premium is still at high levels: "Israel's risk premium has already fallen sharply since the beginning of November (against expectations at the time for an end to the war in Lebanon), but it is still high - on the international market, Israel's bonds are still traded similarly to companies with a BBB minus rating."