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.

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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.