The yield on the Russian 10-year OFZ rose further to near the 16% mark, touching new 2-1/2-years highs, after the Central Bank of Russia raised its benchmark rate by 200 basis points to 18% in its July meeting, resuming its tightening cycle amid growing inflationary pressures. This decision elevated borrowing costs to their highest level since the extraordinary hike to 20% shortly after Russia's invasion of Ukraine. The Central Bank of Russia also indicated that it might continue raising rates if inflation does not sufficiently slow down, as the economy's low capacity limits aggregate supply.
Russia 10Y Bond Yield was 15.67 percent on Friday August 23, 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 August 25 of 2024.
Russia 10Y Bond Yield was 15.67 percent on Friday August 23, according to over-the-counter interbank yield quotes for this government bond maturity. The Russia 10-Year Government Bond Yield is expected to trade at 15.30 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 14.95 in 12 months time.