On Friday, the Government Bonds Index (MCXRGBI) rose by 0.1%, reaching 116.81 b.p. (basis points).
Below is the trading performance of the most liquid Federal Bonds (Obligations of the Federal Loan, OФЗ).
- OФЗ Series #26247: -0.1%;
- OФЗ Series #26248: -0.1%;
- OФЗ Series #26238: +0.2%;
- OФЗ Series #26246: -0.1%.
The most liquid OФЗ are typically long-term issues with fixed coupons (OФЗ-ПД), such as OФЗ 26248 and OФЗ 26245, which account for a significant share of trading volume. Other options include bonds with indexed nominals (OФЗ-ИН) and variable coupons (OФЗ-ПК), each with different characteristics and uses.
Notably, the Russian Government Bonds Index (RGBI) serves as a key benchmark for the OФЗ market.
The index reflects the entire spectrum of government debt instruments and illustrates the performance of the most liquid Federal Loan Bonds.
The analysis was presented by Dr. Alexey Grishchenko, a Doctor of Economics, Professor at the Department of Operational and Industry Management, Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.