The expert named the optimal tools for three-month investing
Quick Look
- International financial advisor Maria Ermilova recommends that for a three-month investment horizon, you focus on the safety of funds, liquidity and the possibility of making money on the movement of rates, and not on maximum profitability.
- She notes that the current key rate of the Central Bank is 14%, the regulator took a break in September, and the forecast assumes a more gradual reduction in the rate.
- For investors willing to accept market risk, OFZs with a fixed coupon are suitable (yield from 12.2% to 17%), but for a short period it is better to choose short-term bonds and cash instruments to avoid volatility when rate expectations change.
AI-generated summary
Why It Matters
The key rate of the Central Bank of Russia is at 14% after a pause in September, while the regulator’s forecast assumes a more gradual rate cut than previously expected. This creates a certain uncertainty in the bond market, affecting the yield and prices of government securities.
MOSCOW, September 30 – RIA Novosti. A three-month investment horizon does not imply the pursuit of maximum profitability - we are talking about a combination of safety of funds, liquidity and the opportunity to make money on the movement of rates, international financial adviser, associate professor of the department of finance for sustainable development of the Plekhanov Russian University of Economics, Maria Ermilova, told the Prime agency.
“The situation is interesting now: the Central Bank’s key rate is at 14%, while the regulator took a pause in September and did not give a signal about further movement. At the same time, the Central Bank’s forecast assumes a more gradual reduction in the rate than previously expected,” she says.
If an investor is willing to accept market risk, it is worth taking a closer look at OFZs with a fixed coupon: at the end of September, their yield ranged from 12.2% at the short end to 17% at the long end.
However, for a three-month horizon, it is not advisable to take too long securities just for the sake of a high declared profitability - if expectations on the rate change, their price may fluctuate noticeably. For those who need money at the beginning of 2027, the expert advises short bonds and money market instruments.
What to Watch
AI outlook — possibilities, not facts
The Central Bank's key rate will decrease more gradually than previously expected, in accordance with the regulator's current forecast.
Likely · Within months
Open Questions
- How exactly will the Central Bank's key rate change in the coming months?
- What specific money market instruments does the expert consider most suitable for a three-month horizon?
- What level of liquidity is considered sufficient for short-term investments in the current environment?
