NYC comptroller backtracks on buying Israeli bonds by saying they aren't a good investment
NYC comptroller backtracks on buying Israeli bonds by saying they aren't a good investment The comptroller of New York City, an avowed supporter of Israel, has backtracked on his pledge to purchase the country’s bonds, citing deteriorating credit conditions and financial risks in the country. Mark Levine, a Democrat who campaigned on buying Israeli bonds, told The New York Times that he has…
New York City's comptroller, Mark Levine, has reversed his earlier pledge to buy Israeli bonds, citing deteriorating credit conditions and financial risks in the country. The Democrat, who initially campaigned on purchasing Israeli bonds, told The New York Times that his decision was not influenced by opposition to Israel's occupation of the West Bank or the ongoing conflict in Gaza.
Levine clarified that his stance was solely based on financial considerations. However, he now believes that due to certain technical challenges and financial concerns, the city should refrain from making the investment at this time. The issue of purchasing Israeli bonds gained prominence in January 2026 when Levine expressed his intention to buy them, citing their economic performance.
His predecessor, Brad Lander, had declined to invest in new Israeli bonds in 2023, with the city's pension fund previously holding approximately $39 million in Israeli bonds that yielded around five percent returns.
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