Russian citizens interested in dollar-denominated yields may consider substitute bonds. In this respect Wrote Online edition of “Lenta.ru” with reference to the message of the portfolio manager of the management company “Opening” Ruslan Mustaev.
“Customers interested in currency yields may consider substitution bonds with 7-8% yields. Currently this is one of the few options to generate dollar returns. “The potential strengthening of the ruble could be a deterrent,” he said.
According to him, the strengthening of the national Russian currency may be a limiting factor in the growth of income in dollars.
Also, the portfolio manager of Otkritie Management Company recommended that attention be paid to federal loan bonds (OFZ) to hedge against inflation.
The day before, the exchange rate of the US dollar against the ruble at the opening of transactions on the Moscow Stock Exchange augmented It increased by 0.73% to 77.64 rubles.
Press service of the Bank of Russia in the second half of March reportedThat the Russians hold $105.4 billion in cash as of February 1, 2023.