Pennsylvania Reinvests $20 Million in Israel Bonds

State Treasurer Stacy Garrity announced the reinvestment, which brings the Treasury's Israel Bond holdings to $64.5 million as of November 1.

Updated on Nov. 7, 2026 in Investing

Pennsylvania Reinvests $20 Million in Israel Bonds

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Should Pennsylvania invest state taxpayer money in Israel bonds?

Pennsylvania Treasurer Stacy Garrity announced a $20 million reinvestment in Israel Bonds, the state's initial October 2023 investment in the bonds. The Treasury Department reports $64.5 million in Israel Bond holdings as of November 1.

Why it matters

The reinvestment shows the state continuing a long-running position in Israel Bonds, which the Treasury has held since 1988. Pennsylvania residents may be interested in how state funds are being allocated and what returns the state expects.

The Treasury's holdings total $64.5 million, with $373.5 million invested in Israel Bonds since 1988 and a new three-year bond carrying an expected yield of 5.67%. The source does not provide a comparison to other state investments or market benchmarks.

The players

Stacy Garrity

Stacy Garrity is the Pennsylvania State Treasurer, responsible for managing the state's investments and public funds.

Pennsylvania Treasury Department

The Pennsylvania Treasury Department manages the state's cash, investments, and debt obligations on behalf of taxpayers.

The details

Treasurer Stacy Garrity announced the $20 million reinvestment, which replaces the $20 million the Treasury first put into Israel Bonds in October 2023. The new bond has a three-year term and an expected yield of 5.67%, and Israel Bonds have a perfect record of on-time payments of principal and interest.

1988: Pennsylvania Treasury begins investing in Israel Bonds.
October 2023: Initial $20 million Israel Bond investment is made.
November 1: Treasury reports $64.5 million in Israel Bond holdings.
November 7, 2026: The $20 million reinvestment is announced.

Market Dynamics

The reinvestment extends Pennsylvania's participation in the Israel Bonds program, which the Treasury has used since 1988 and in which it has invested $373.5 million in total. The new three-year bond's 5.67% expected yield is set against that long-running history of on-time principal and interest payments.

For individual investors, the Treasury's move illustrates how a state can hold fixed-term government-backed bonds with a stated yield and payment history. Readers considering similar bonds can compare the 5.67% expected yield and three-year term against their own savings goals.

The takeaway

Fixed-term bonds with a defined yield and term can serve as a predictable component of a savings plan. Compare any expected yield against your own time horizon and risk tolerance before investing.