Russian Broad Market Index Dips 0.2% to 114.82 Basis Points on Monday

17:13; 27 July 2026 year

### Russian Government Bond Index Declines by 0.2% on Monday The Russian Government Bond Index (MCXRGBI) dropped by 0.2% on Monday, reaching a level of 114.82 basis points. Trading activity in the most liquid Federal Loan Bonds (OFZ) was as follows: - OFZ series No. 26247: -0.1% - OFZ series No. 26248: -0.2% - OFZ series No. 26233: -0.1% - OFZ series No. 26243: -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 share in 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. Key characteristics of liquid OFZ bonds: 1. **OFZ-PD (fixed coupon)**: These are the most in-demand due to predictable coupon payments, for example, issues maturing between 2034 and 2041. 2. **OFZ-IN (indexed nominal value)**: These protect against inflation, but their yield is realized at maturity or sale. 3. **OFZ-PK (floating coupon)**: These have high liquidity, such as OFZ 29014, 29024, and 29016. This overview was presented by Alexey Grishchenko, Ph.D., Professor of 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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