Floating-rate OFZ
A Russian government bond whose coupon is tied to a floating rate.
How to read the number
Its price barely reacts to rate changes: the coupon adjusts instead of the price.
Also known as: floater, floating rate note, ofz-pk
A Russian government bond whose coupon is tied to a floating rate.
Its price barely reacts to rate changes: the coupon adjusts instead of the price.
Also known as: floater, floating rate note, ofz-pk