Russian State Bonds Index Up 0.1% to 116.54 Points on Friday

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On Friday, the Russian government bond index (MCXRGBI) rose by 0.1%, reaching 116.54 points.

Below is the trading dynamics of the most liquid OFZ (Federal Loan Bonds).

- OFZ series No. 26247: -0.1%;

- OFZ series No. 26248: -0.2%;

- OFZ series No. 26238: +0.1%;

- OFZ series No. 26246: -0.1%.

The most liquid OFZ bonds are typically long-term issues with fixed coupons (OFZ-PD), such as OFZ 26248 and OFZ 26245, which account for a large share of trading volume. There are also 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 is worth noting that the Russian Government Bond Index (RGBI) is a key benchmark for the OFZ market.

The index takes into account the entire spectrum of government debt securities and clearly demonstrates the yield dynamics of the most liquid federal loan bonds.

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