Emerging
Jun 23, 2026 Major2
82%
Russian Government Bond Index Falls Below 115 for First Time Since October 30
Russia's government bond index (RGBI) fell below 115 points for the first time since October 30, 2025, declining to 114.21 points in morning trading on June 23, before partially recovering to 114.44 points.
Quick Facts
Who
Moscow Exchange
What
RGBI index fell below 115 points
When
June 23, 2026
Where
Moscow Exchange
- RGBI index fell below 115 points
- Index declined 2.15% to 114.21 points at 08:52 Moscow time
- Index recovered slightly to 114.44 points at 09:37 Moscow time
- Decline moderated from initial drop
- Moscow Exchange
Russia's government bond index (RGBI) dropped below 115 points on June 23, 2026, marking its lowest level since October 30, 2025. The index, which serves as the primary indicator of the Russian sovereign debt market, showed significant volatility throughout the trading session. As of 08:52 Moscow time, the RGBI had fallen 2.15% to 114.21 points, representing a sharp decline in the value of Russian government securities. By 09:37 Moscow time, the downward momentum had moderated, with the index recovering slightly to 114.44 points, though still down 1.28% from the previous close.
The Moscow Exchange has calculated the RGBI since December 31, 2002, when it was initially set at 100 points. The index tracks the performance of Russian sovereign debt instruments and is widely followed as a barometer of confidence in Russian government finances and broader market sentiment toward the country's fixed-income securities.
Why This Matters
The RGBI's breach below 115 signals weakening confidence in Russian government debt instruments, reflecting broader market concerns about sovereign credit quality and economic conditions. For investors and market participants, this level represents a critical technical support break, suggesting potential continued volatility in Russian fixed-income markets and heightened risk sentiment toward Russia's financial stability.
Timeline & Sources
Dec 31, 2002
WireMoscow Exchange begins calculating RGBI index with initial value of 100 points
Oct 30, 2025
WireRGBI previously traded at or above 115 points (previous reference level)
Jun 23, 2026
WireRGBI falls to 114.21 points, down 2.15%, first time below 115 since October 30, 2025
Jun 23, 2026
WireRGBI recovers to 114.44 points, down 1.28%, as decline moderates