Russian Government Bond Index Drops 0.1% to 118.25 Basis Points on Thursday

17:07; 18 June 2026 year

### Russian Government Bond Index Dips Slightly The Russian government bond index (MCXRGBI) fell by 0.1% on Thursday, reaching a level of 118.25 basis points. Here is the trading performance of the most liquid Federal Loan Bonds (OFZ): - OFZ 26247: -0.3% - OFZ 26248: -0.2% - OFZ 26238: -0.4% - OFZ 26246: -0.4% The MCXRGBI index 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 account for a high proportion of trading volume. There are also issues with an indexed nominal value (OFZ-IN) and variable coupons (OFZ-PK), but these have different characteristics and are suitable for different purposes. Key features of liquid OFZ bonds: 1. **OFZ-PD (Fixed-Coupon Bonds)**: These are the most in-demand due to predictable coupon payments, for example, issues maturing between 2034 and 2041. 2. **OFZ-IN (Indexed-Nominal Bonds)**: These protect against inflation, but their returns are realized only at maturity or sale. 3. **OFZ-PK (Floating-Coupon Bonds)**: These have high liquidity, such as OFZ 29014, 29024, and 29016. This overview was provided by Alexey Grishchenko, Doctor of Economics, 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.

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