The yield on the 10-year Russian OFZ extended its decline to the 8.7% mark, the lowest in over 6 months, as lower consumer prices and a strong ruble ramped up bets of looser policy by the CBR, while investors digested Russia’s default on its sovereign debt. Sanctions blocked Russia from transacting international payments to foreign debt holders through Western institutions, triggering a default on the $100 million in Eurobond coupons that were due May 27. While its immediate effect on OFZ instruments is limited, the default should hamper Russia’s ratings and access to credit in the future. Meanwhile, weekly price data pointed to a deflated CPI for the third consecutive week amid slowed consumer demand, while a plunge in imports and higher commodity prices lifted the ruble to 7-year highs despite the relaxed capital controls by the central bank. In its last meeting, the CBR cut its key rate by 150bps to bring it back to the pre-invasion level of 9.5%.

Historically, the Russia Government Bond 10Y reached an all time high of 19.89 in March of 2022. Russia Government Bond 10Y - data, forecasts, historical chart - was last updated on June of 2022.

The Russia Government Bond 10Y is expected to trade at 8.94 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 9.65 in 12 months time.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Russia Government Bond 10Y

Bonds Yield Day Month Year
Russia 10Y 8.62 -0.040% -0.880% 1.400%
Russia 52W 8.68 -0.040% -1.360% 2.400%
Russia 20Y 8.75 0.030% -0.700% 1.490%
Russia 2Y 8.63 0.020% -1.340% 1.800%
Russia 3Y 8.45 -0.110% -1.390% 1.550%
Russia 5Y 8.65 -0.030% -1.180% 1.620%
Russia 7Y 8.53 -0.020% -0.960% 1.430%

Russia Government Bond 10Y
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
8.62 8.66 19.89 5.44 2000 - 2022 percent Daily