Russian Government Bond Index Rises 0.1% to 116.49 Points on Friday

© ООО Региональные новости

On Friday, the Russian government bond index (MCXRGBI) rose by 0.1%, reaching 116.49 basis points.

Below is the trading dynamics of the most liquid OFZ (Russian federal government bonds):

- OFZ series No. 26247: -0.1%

- OFZ series No. 26248: -0.2%

- OFZ series No. 26238: +0.1%

- OFZ series No. 26246: +0.1%

Typically, the most liquid OFZ bonds are long-term issues with fixed coupons (OFZ-PD), such as OFZ 26248 and OFZ 26245, which account for a significant share of trading volume. There are also issues with indexed nominal values (OFZ-IN) and variable coupons (OFZ-PK), but they have different characteristics and are suitable for different purposes.

It is worth noting that the Russian government bond index (RGBI) is a key benchmark for the OFZ market.

The index covers the entire spectrum of government debt securities and clearly demonstrates the yield dynamics of the most liquid federal government bonds.

This overview was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the "Higher School of Management" Faculty at the Financial University under the Government of the Russian Federation.