On Friday, the government bond index (MCXRGBI) is showing a growth of 0.4%, reaching a level of 117.05 points.
Below is the trading dynamics of the most liquid OFZ (Federal Loan Bonds):
- OFZ series No. 26247 +0.1%;
- OFZ series No. 26248 +0.1%;
- OFZ series No. 26238 +0.2%;
- OFZ series No. 26246 -0.1%.
The most liquid OFZ bonds are usually long-term OFZ issues with a fixed coupon (OFZ-PD), such as OFZ 26248 and OFZ 26245, which have a high share in the trading volume, as well as issues with an indexed nominal value (OFZ-IN) and variable coupon (OFZ-PK), but they have different characteristics and are suitable for different purposes.
It should be noted that the Russian government bond index (RGBI) is a key benchmark for the OFZ market.
The index takes into account the entire range of government debt securities and clearly demonstrates the yield dynamics of the most liquid federal loan bonds.
Overview 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.