The foreign share in Russia's OFZ treasury bonds up to 32%

The foreign share in Russia's OFZ treasury bonds up to 32%
The foreign share in Russia's OFZ treasury bonds up to 32%
By bne IntelliNews November 29, 2019

The foreign share of investors into the Russian Ministry of Finance ruble-denominated OFZ treasury bills reached 32% in November as foreign investors increased their holdings again to RUB2,837bn ($44.2bn) worth of the bonds from a total of RUB8,860.

At the same time the rates on the OFZs have been falling steadily. During last year’s sell-off the yield climbed to over 9%, but since enthusiasm for the OFZ returned this year as fears of new US sanctions receded, the yields have fallen to under 8% now.

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