OREANDA-NEWS Investments of families in the Russian Federation in Russian bonds denominated in foreign currency in February of this year reached a record 793 billion rubles, RIA Novosti calculated based on data from the Bank of Russia.

According to the materials of the regulator, household investments in Russia in long-term debt securities of residents in foreign currency as of March 1 amounted to 792.7 billion rubles, which is the maximum value since the beginning of 2018, when the Central Bank began to keep such statistics. The growth in the volume of foreign currency bonds of residents from individuals is explained by the fact that companies began to actively borrow in yuan in the local market, as well as issue replacement bonds, explains Dmitry Gritskevich, manager for analysis of the banking and financial markets of PSB.

"When the Eurobond market is unavailable, investors' interest shifts to foreign currency bonds on the local market. For a retail investor, such instruments provide diversification by currency," the analyst explained.

He added that as the popularity of issues in yuan increases, as well as the further substitution of Eurobonds, this market segment will continue to grow actively.