Israel's 10-year bonds rally

Government's 10-year bonds rallied the most among developed markets, according to Bloomberg. Officials from the ministry's debt management unit will present Israel's economy and debt structure to the investors next week to "ensure quick access to international markets in 2013." The plan comes amid calls by Bank of Israel Governor Stanley Fischer for the government to rein in the budget deficit, which he estimated was 4.2 percent of economic output in 2012, more than double the target.