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The RUONIA rate, which serves as the basis for coupon payments on most exchange-traded bonds with floating yield, stabilized on Thursday at 16.40%.
RUONIA (Russian Overnight Index Average) is an indicative rate for overnight ruble interbank lending.
This indicator is formed as a weighted average of actual overnight lending transactions between the 35 largest Russian banks.
The RUSFAR ON RUB (overnight in rubles) rate is 16.29%.
RUSFAR ON CNY (overnight in yuan) +0.1%.
The RUSFAR 1M rate for one month is 16.34%.
The RUSFAR 3M rate for three months is 16.22%.
It should be noted that the RUSFAR rate serves as an indicator of the cost of attracting liquidity and the yield of the money market.
This indicator is calculated as the average rate on repo transactions with a central counterparty over a fixed period.
The Bank of Russia has confirmed that RUSFAR meets the requirements for financial indicators.
In addition, market liquidity is supported by about 20 market makers, ensuring stable quotes.
The money market signals expectations of the key rate at 16-17%. This is evidenced by the indicators of money market rates: RUONIA and RUSFAR.
The review was presented by Alexey Grishchenko, Doctor of Economics, Professor of the Department of Operational and Sectoral Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.
