Zechariah 11:10

"And I cut my staff Beauty, and cut it asunder, that I might break my covenant which I had made with all the peoples."

This symbolical breaking of the staff Beauty indicated that God would terminate finally and irrevocably the covenant with Israel. "All the peoples" here probably indicates, as suggested by Higginson, that it means, "The northern and southern kingdoms, Israel in toto."[27] Of course, there is another sense in which the covenant with Abraham was designed to "bless all the families of the earth," and some think that is meant. However that covenant with Abraham was never broken, nor will it ever be broken.

We agree with Gill that after the rejection of the Messiah by Israel and God's termination of the covenant indicated here, that the termination was effective primarily and solely to the fleshly Israel. This ended forever their status as having any claim to be "God chosen people." "From this time forward, the fulfillment of the covenant and the fate of the Jew per se are two entirely separate matters."[28]

Unger's reference of "all the peoples" as an inclusion of all the people on earth does not seem to be correct. The covenant to be broken was not God's promise to bless "all the families of the earth" in the Seed (singular) of Abraham, for that covenant still stands (See Galatians 3:36ff).