Shares traded separately, bonds traded separately

Abstract

Subject. This article examines the behavior of stocks, bonds and loan debt in the Russian economy. Objectives. The article aims to conduct a critical analysis of the dynamics of quoted shares of Russian issuers circulating in the domestic market, debt securities issued in the domestic market at market value, debt on loans and acquired rights of claim on loans granted to resident legal entities and individual entrepreneurs in the context of a high key rate of the Bank of Russia. Methods. For the study, I used analysis and synthesis, special economic and mathematical methods, in particular, correlation and regression analysis, as well as a graphical method of presenting the results obtained. Results. Based on a critical analysis of the dynamics of quoted shares of Russian issuers circulating in the domestic market, debt securities issued in the domestic market at market value, debt on loans and acquired rights of claim on loans granted to resident legal entities and individual entrepreneurs, in the context of a high key rate of the Bank of Russia, the article determines the growth driver of Russian shares, which is debt on loans. Conclusions. The results of the critical analysis of the dynamics of stocks, debt securities, loan debt, in conditions of a high key rate, will be useful for investors purchasing Russian securities.