The Comptroller stated he remains a steadfast supporter of Israel despite the policy reversal. Critics of the move argue that the bonds provide higher yields than comparable U.S. Treasuries and that the state of Israel has a record of never missing a payment on interest or principal.
Wednesday, October 21, 2026
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NYC Comptroller Mark Levine Reverses Pledge to Invest Pensions in Israeli Bonds
US Politics7 days ago
The New York City government will halt new allocations of its pension funds to Israeli sovereign debt after Comptroller Mark Levine decided the assets are no longer viable. Levine, a Democrat in his 10th month in office, abandoned a campaign pledge to invest in the bonds, citing a deterioration in their quality and investment strength driven by the conflict in the Middle East.
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