Overview of money market rates

16:26; 04 December 2024 year

The RUONIA rate, to which coupons of a significant part of exchange-traded floater bonds are linked, is 21.22%.

RUONIA (Ruble OverNight Index Average) is the interest rate at which banks lend to each other for a period of &overnight», actually for one day.

The RUONIA rate is calculated daily as the average value of transactions of 35 major Russian banks and is regularly published on the website of the Bank of Russia.

The rate of RUSFAR ON RUB (overnight in rubles) is 21.1%.

RUSFAR ON CNY (overnight in yuan) 1.77%.

The rate of RUSFAR 1M for one month is 21.25%.

The RUSFAR 3M rate for three months is 22.97%.

Note that RUSFAR rates are an indicator of the value of secured money and the profitability of money market funds.

The RUSFAR (Russian Secured Funding Average Rate) is the average rate for REPO transactions with a Central Counterparty concluded over a certain period of time.

The RUSFAR rate has been recognized by the Bank of Russia as meeting the requirements for financial indicators.

More than 200 participants connected to the REPO with the CCU form market rates in anonymous unaddressed mode for standard terms: ON, 1W, 2W, 1M, 3M.

Also 20 market makers supports quotes.

It can be said that the money market expects the key rate to be above 22 percent. This is confirmed by the money market rates: RUONIA and RUSFAR.

The review was presented by Alexey Grishchenko, Doctor of Economics, Professor of the Department of Operational and Industry Management at the Faculty of Higher School of Management of the Financial University under the Government of the Russian Federation.

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