Sergei Shvetsov, chairman of the Moscow Exchange supervisory board, said in a statement that Russian federal loan bonds (OFZ) currently offer yields that can be called a 'golden rain' for investors in Russia. He added that while the Russian securities market is not in great shape, such high returns are notable.
Sergei Shvetsov, chairman of the Moscow Exchange supervisory board, characterized the yields on Russian federal loan bonds (OFZ) as a 'golden rain' for domestic investors, in remarks reported by the exchange. The statement, made Saturday, acknowledges that the Russian securities market is not in great shape, but highlights the extraordinary returns on government debt. The comment underscores the tension between high borrowing costs for the state and attractive yields for investors amid Russia's wartime economy. No further details on Shvetsov's remarks have been released.
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