|Adjustments||Not Seasonally Adjusted|
The Bank of Israel reports data on the gross yield to maturity of 10-year unindexed government bonds at a fixed interest rate. The yield of the longest government bond with maturity between 8 and 11 years.
The fixed rate bond is paid once a year. This payment takes place on the on the last bank business day of the year. Principal payments are paid the last business day of the month when the bond is redeemed. This bond is an unindexed bond that issued for terms of between 8 and 11 years.
The data for the 10-year rate refers to the par yield rates. “Yield to maturity of 10 years, nominal, government bonds.” (https://www.oecd-ilibrary.org/economics/data/main-economic-indicators/main-economic-indicators-complete-database_data-00052-en) “Long term (in most cases 10 year) government bonds are the instrument whose yield is used as the representative ‘interest rate’ for this area. Generally the yield is calculated at the pre-tax level and before deductions for brokerage costs and commissions and is derived from the relationship between the present market value of the bond and that at maturity, taking into account also interest payments paid through to maturity.” (https://stats.oecd.org/index.aspx?queryid=86).
Data is not subject to revisions.