Russian Government Bond Index Rises 0.4% to Hit 114 Basis Points on Friday

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On Friday, the Russian government bond index (RGBI) rose by 0.4%, reaching a level of 114 basis points.

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

- OFZ series No. 26247 +0.2%;

- OFZ series No. 26248 +0.3%;

- OFZ series No. 26238 +0.2%;

- OFZ series No. 26246 +0.3%.

The most liquid OFZ bonds are typically long-term OFZ bonds with fixed coupons (OFZ-PD), such as OFZ 26248 and OFZ 26245, which have a high share in trading volume. There are also bonds 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, 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.