Russian Government Bond Index Rises 0.1% to 120.33 Basis Points on Tuesday

16:58; 21 April 2026 year

### Russian Government Bond Index Rises by 0.1% On Tuesday, the Russian government bond index (MCXRGBI) increased by 0.1% and currently stands at 120.33 basis points. Below is the trading dynamics of the most liquid Federal Loan Bonds (OFZ). - OFZ Series No. 26247: -0.1% - OFZ Series No. 26248: -0.1% - OFZ Series No. 26238: -0.1% - OFZ Series No. 26246: -0.1% The MCXRGBI serves as a key indicator of the Russian debt market, reflecting the dynamics of the entire spectrum of government securities. The most liquid OFZ bonds are typically long-term issues with fixed coupons (OFZ-PD), such as OFZ 26248 and OFZ 26245, which have a high trading volume. Additionally, there are issues with an indexed nominal value (OFZ-IN) and variable coupons (OFZ-PK), each with different characteristics suitable for different investment goals. Key characteristics of liquid OFZ bonds: 1. **Fixed-Coupon Bonds (OFZ-PD)**: These are the most popular due to their predictable coupon payments, such as issues maturing between 2034 and 2041. 2. **Indexed-Nominal Bonds (OFZ-IN)**: These protect against inflation, but their returns are realized at maturity or upon sale. 3. **Floating-Coupon Bonds (OFZ-PK)**: These have high liquidity, for example, OFZ 29014, 29024, and 29016. This overview was provided by Alexey Grishchenko, Ph.D., Professor at the Department of Operational and Sectoral Management at the Higher School of Management, Financial University under the Government of the Russian Federation.

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