The Central Bank of Russia has published a new issue of its Financial Market Risks Review showing that individuals bought RUB 94.3 billion of corporate bonds in May, exceeding demand for OFZ and shares. Corporate bonds were the most profitable investment instrument in the Russian market for a second consecutive month and delivered their best result since early 2026. The review says May was marked by low volatility across all segments of the Russian market and a seasonal decline in trading volumes. The ruble strengthened while stock indices mostly continued to fall. Yields on medium- and long-term bonds edged up, while yields on short-term bonds declined.