Volume of non-resident investments in OFZ drops by 49 bln rubles in July, share dips to 6.6% - CBR

MOSCOW. Aug 26 (Interfax) - The volume of investments on the part of non-residents in Russian federal loan bonds (OFZ) dropped by 49 billion rubles, or 3.5%, to 1.344 trillion rubles in July 2024, the Central Bank of Russia posted on its website.

Meantime, the overall volume of the OFZ market fell by 235 billion rubles in July, or 1.1%, to 20.448 trillion rubles.

The share of non-residents in OFZ dipped to 6.6% in July from 6.7%. As of August 1, this was the lowest level of the indicator since July 1, 2012, when the share of non-residents was 6.5%.

Non-resident investments in OFZ decreased by 139 billion rubles in January-July 2024, or 9.4%, from 1.483 trillion rubles, after a drop by 495 billion rubles in 2023, or 25.0%, and by 1.104 trillion rubles in 2022, or 35.8%, from 3.082 trillion rubles.