MOEX to Introduce DOM.RF Mortgage-Backed Bond Index

Moscow Exchange (MOEX) has started calculating the Mortgage-Backed Bond Index, tracking bonds secured by DOM.RF. The index is the first mortgage-backed bond market benchmark in Russia that retail and institutional investors can use to assess market performance and trends.

The DOM.RF Mortgage-Backed Bond Index includes the 15 most liquid bonds with mortgage coverage and security issued by mortgage agent DOM.RF from 2016 to 2021. In total, 32 issues with a total volume of RUB 940 billion were placed during this time, representing more than 90% of mortgage-backed bonds traded on Moscow Exchange.

Gleb Shevelenkov, Director of the Bond Market Department at Moscow Exchange, said: "Mortgage-backed bonds placed by DOM.RF are the most liquid securitised instruments on the Russian on-exchange market. This distinctive feature has helped us create a new thematic index based on these bonds. We hope that the index will become a useful tool for analyzing and forecasting the mortgage-backed bonds market."

Alexey Pudovkin, Director of Investor Relations at DOM.RF, said: "Inclusion of the DOM.RF Mortgage-Backed Bond Index in the MOEX index family alongside OFZ, corporate and municipal bonds is a natural process reflecting the formation of a new large asset class on the Russian market. The Index makes our tool more convenient for all categories of investors and helps to increase market transparency."

Fazzaco recently reported that MOEX will launch evening session for bond trading​, effective 27 Sepetember, 2021. Investors will be able to trade federal government bonds (OFZ) and Eurobonds from 19:00 to 23:50 MSK. As a result, the Bond Market will be open for trading for 13 hours and 40 minutes daily.