Russian Government Bond Index Up 0.1% on Tuesday, Hits 114.52 Basis Points

15:20; 28 July 2026 year

### Russian Government Bond Index Rises by 0.1% to 114.52 Basis Points On Tuesday, the Russian government bond index (MCXRGBI) increased by 0.1% and settled at 114.52 basis points. Below is the trading dynamics of the most liquid federal loan bonds (OFZ): - OFZ series No. 26247: -0.4% - OFZ series No. 26248: +0.1% - OFZ series No. 26238: -0.2% - OFZ series No. 26246: -0.1% 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 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. Important characteristics of liquid OFZ bonds: 1. Fixed coupon bonds (OFZ-PD) are the most in demand due to the predictability of coupon payments, for example, issues maturing in 2034-2041. 2. Index-linked nominal bonds (OFZ-IN) protect against inflation, but their yield is realized at redemption or sale. 3. Floating coupon bonds (OFZ-PK) have high liquidity, such as OFZ 29014, 29024, 29016. This overview was presented by Alexei 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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