Story perspectives

Palm Beach County Invests $1 Billion in Israel Bonds

1/9/2026

Summary

Story summary

Palm Beach County, Florida, is the largest municipal investor in Israel Bonds, with $1 billion invested.
Comptroller Mike Caruso announced a purchase of $350.5 million in Israel Bonds, representing 16% of the county's portfolio.
The move contrasts with New York City Mayor Zohran Mamdani's support for boycotting Israel.
Israel Bonds offer higher rates than U.S. Treasuries.
Israel Bonds' president noted investments rose to over $5.7 billion in two years.

History

Historical Context

Since its inception in 1951, Israel Bonds have played a crucial role in financing Israel's development, with sales exceeding $54 billion by 2025. In 2021, investments surged to over $5.7 billion, notably from Palm Beach County, contrasting with New York City Mayor Zohran Mamdani's call for a boycott. These financial dynamics reflect ongoing debates about U.S.-Israel relations and municipal investment strategies amid political tensions.

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Story summary

Palm Beach County, Florida, is the largest municipal investor in Israel Bonds, with $1 billion invested.
Comptroller Mike Caruso announced a purchase of $350.5 million in Israel Bonds, representing 16% of the county's portfolio.
The move contrasts with New York City Mayor Zohran Mamdani's support for boycotting Israel.
Israel Bonds offer higher rates than U.S. Treasuries.
Israel Bonds' president noted investments rose to over $5.7 billion in two years.

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