Market Report TA-25 Gains on Global Rally; Gov't Bonds at Record High

The index of blue-chip stocks closed above 1,200 for the first time this week, and Israeli government bonds rose in anticipation of a cut in rates.

The Tel Aviv Stock Exchange joined the global equities celebration on Tuesday, even if it had less to celebrate than Wall Street, where the Standard & Poor's 500 Index closed at a record high overnight.