Financial market driven by retail investors in August
Individuals continue investing in Russian corporate bonds (+₽130 billion), exchange-traded money market unit investment funds (+₽79 billion), and shares (+₽29 billion). Concurrently, retail investors’ demand for foreign currency has been declining for the past three months, according to the new issue of the Financial Market Risks Review.
From now on, the review will include data on the sales of Russian securities purchased based on the permits granted pursuant to executive orders of the Russian President. Over the past three months, the sales of shares issued by Russian and international companies totalled slightly more than ₽1 billion, which barely affected share prices.
The exchange rates of foreign currencies as of the end of August remained within the range of fluctuations observed in 2025–2026. Yields on federal government bonds (OFZ) changed only marginally. Spreads between corporate bonds and OFZ remained within the range of values recorded over 2026.