The yield on Russia 10Y Bond Yield eased to 14.39% on February 13, 2026, marking a 0.24 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.20 points and is 1.54 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity.

Historically, the Russia 10-Year Government Bond Yield reached an all time high of 19.89 in March of 2022. Russia 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on February 16 of 2026.

The Russia 10-Year Government Bond Yield is expected to trade at 14.31 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 13.76 in 12 months time.



Bonds Yield Day Month Year Date
Russia 10Y 14.39 -0.240% -0.200% -1.540% Feb/13
Russia 52W 14.37 -0.080% 0.600% -4.540% Feb/13
Russia 20Y 13.84 -0.290% -0.180% -1.530% Feb/13
Russia 2Y 14.77 -0.070% 0.370% -3.240% Feb/13
Russia 3Y 14.92 -0.100% 0.220% -2.490% Feb/13
Russia 5Y 14.89 -0.160% 0.020% -1.800% Feb/13
Russia 7Y 14.70 -0.200% -0.100% -1.590% Feb/13



Related Last Previous Unit Reference
Russia Inflation Rate 6.00 5.60 percent Jan 2026
Russia Interest Rate 15.50 16.00 percent Feb 2026
Russia Unemployment Rate 2.20 2.10 percent Dec 2025

Russia 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
14.39 14.63 19.89 5.44 2000 - 2026 percent Daily

News Stream
Russian 10-Year Yield Pulls Back
The yield on the 10-year Russian OFZ fell to 14.6% from the four-month high of 15.2% from late October as higher taxation and a rebound in oil prices softened the backdrop of increasing OFZ supply. The increasing magnitude of federal government spending in Russia's invasion of Ukraine drove the Kremlin to increase VAT for next year's budget, expected to generate RUB 1.2 trillion of additional revenue. The outlook on government revenues were also supported by the upswing in crude oil prices following pause in output hikes signaled by OPEC+ members for next year. The developments momentarily offset the deteriorating fiscal backdrop for Russia, as slow growth forced the government to signal it will grow borrowing by 46% this year. OFZs were also pressured by high interest rates by the Bank of Russia in its fight against high inflation. The benchmark rate stands at 16.5%, and the CBR pushed back against another rate cut this year due to upside inflation risks.
2025-11-05
Russian 10-Year Yield Declines from 4-Month High
The yield on the 10-year Russian OFZ fell to 14.6% from the four-month high of 15.2% tested earlier in October, tracking some support for Russian assets on favorable geopolitical developments. US President Trump noted that Ukrainian President Zelensky should accept more favorable terms to end the war with Russia, while EU leaders faced barriers to using frozen Russian assets to support Ukraine. The developments added some respite to OFZ's after higher bond supply and higher interest rates triggered a plunge in Russian debt since August. The draft of next year's budget reflected RUB 13 trillion, or 40% of the federal budget, allocated for defense spending amid Russia's war with Ukraine, more than noted in preliminary documents, to extend the period of ample spending by the Russian federal government. The flat spending coincided with risks to government revenues amid Russia's slowing economy, low Russian commodity prices amid a strong ruble, and high interest rates by the central bank.
2025-10-20
Russian Yields Rise to 3-Month High
The yield on the 10-year Russian OFZ rose toward 15%, the highest in three months amid higher bond supply by the Ministry of Finance and higher interest rates by the Bank of Russia. The draft of next year's budget reflected RUB 13 trillion, or 40% of the federal budget, allocated for defense spending amid Russia's war with Ukraine, more than noted in preliminary documents, to extend the period of ample spending by the Russian federal government. The flat spending coincided with risks to government revenues amid Russia's slowing economy, low Russian commodity prices amid a strong ruble, and high interest rates by the central bank, which lifted the outlook on government bond issuance. Urals oil remained below $65 per barrel in October, while LNG prices were relatively low amid the ample availability from the US and high stocks in Europe. On the policy front, the CBR cut its rate to 17% instead of expectations of 16%, and pushed back against aggressive cuts due to inflationary risks.
2025-10-01