The Central Bank of Russia, in a new issue of its Financial Market Risks Review, said individuals' purchases of corporate bonds reached a record RUB 162 billion amid rising yields. Retail demand for corporate bonds considerably exceeded demand for federal government bonds and shares, while corporate bonds remained the most profitable instrument in the Russian market since early 2026 and over the previous 12 months. In June, volatility increased across all segments of the Russian market and trading volumes also rose. After strengthening for several months, the ruble returned to its average level over the previous 12 months. Bond yields increased mainly in the medium- and long-term parts of the curve, which made long-term fixed-income bonds more attractive to investors, while stock indices continued to decline.
Central Bank of Russia2026-07-08
Central Bank of Russia says retail corporate bond purchases hit a record RUB 162 billion as yields rose
The Central Bank of Russia said in its Financial Market Risks Review that retail purchases of corporate bonds reached a record RUB 162 billion, far exceeding demand for federal government bonds and shares. It also said June brought higher market volatility and trading volumes, rising medium- and long-term bond yields, a ruble return to its 12-month average level, and continued declines in stock indices.