Russian Government Bond Index MCXRGBI Drops 0.3% to 112.28 Points on Wednesday

16:17; 22 July 2026 year

### Russian Government Bond Index (MCXRGBI) Declines by 0.3% The Russian government bond index MCXRGBI is down by 0.3% on Wednesday, currently standing at 112.28 basis points. Below is the trading dynamics of the most liquid Federal Loan Bonds (OFZ): - OFZ series № 26247: -0.4% - OFZ series № 26248: -0.5% - OFZ series № 26233: -0.4% - OFZ series № 26243: -0.3% Liquid OFZ bonds typically include long-term issues with fixed coupons (OFZ-PD), such as OFZ 26248 and OFZ 26245, which dominate trading volumes. There are also issues with an indexed nominal value (OFZ-IN) and variable coupons (OFZ-PK), each with different characteristics and suitable for different investment goals. The MCXRGBI index serves as a key indicator of the Russian debt market, reflecting the dynamics of the entire spectrum of government securities. ### Key Characteristics of Liquid OFZ Bonds: 1. **OFZ-PD (Fixed-Coupon Bonds)** – The most in-demand due to predictable coupon payments, for example, issues maturing between 2034 and 2041. 2. **OFZ-IN (Indexed Nominal Value Bonds)** – Protect against inflation, but their yield is realized at maturity or sale. 3. **OFZ-PK (Floating-Coupon Bonds)** – Highly liquid, such as OFZ 29014, 29024, and 29016. This overview was presented by Alexey Grishchenko, Ph.D., Professor at the Department of Operational and Sectoral Management of the Faculty "Higher School of Management" at the Financial University under the Government of the Russian Federation.

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