Volume of open interest on OFZ basket futures exceeds RUB8.1 billion

On June 20, 2012 open interest volume on the Russian Federation Government bonds (OFZ) futures contract exceeded RUB8.1 billion, a trading record since its launch. The volume on the six-year OFZ futures amounted to RUB4.4 billion, the four-year OFZ futures – RUB2 billion and two-year OFZ futures - RUB1.7 billion.

“The growth of open interest on the OFZ futures proves that the instrument is in demand on the market. The contracts cover the most part of the yield curve that gives investors an opportunity to manage fluently interest rate risk attached to their bond portfolios that is the most urgent need during circumstances of current markets instability”, said Evgeny Serdyukov, Derivatives Market Managing Director at OJSC MICEX-RTS.

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