Russian State Bond Index Drops 0.1% to 119.03 Points on Friday

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On Friday, the Russian government bond index (MCXRGBI) fell by 0.1%, reaching a level of 119.03 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 -0.1%;

- 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 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 takes into account 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, Ph.D., professor at 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.