8月份，俄罗斯10年期自由贸易区的收益率降至13.5%，为15个月来的最低水平，因为利率下降的前景和俄罗斯与乌克兰战争结束后前景的增长支持了所有期限的债券。在特朗普会见乌克兰和欧盟领导人之前，普京总统会见了美国总统特朗普，讨论了停火或结束战争可以接受的条款，这表明美国愿意促成和平协议。与此同时，较低的通货膨胀率和悲观的增长前景加强了俄罗斯央行从目前18%的降息周期延长的理由。价格增长连续第四个月下降至8.8%，为九个月来的最低水平，与CBR降低通胀的呼吁一致。反过来，国际货币基金组织和世界银行等国际金融机构预计，俄罗斯经济今年的增长率将低于1.5%，这是自2016年排除疫情和战争冲击以来的最低水平。

The yield on the Russian 10-year OFZ sank to 13.5% in August, the lowest in 15 months, as the outlook of lower interest rates and the growing prospects on the end of the Russian war with Ukraine supported bonds across all maturities. President Putin met with US counterpart Trump to discuss terms that could be accepted on a ceasefire or end of war before Trump met with Ukrainian and EU leaders, exemplifying the US's willingness to broker an agreement for peace. In the meantime, lower inflation and pessimistic growth prospects strengthened the case for the Bank of Russia to extend its cutting cycle from the current rate of 18%. Price growth fell for a fourth straight month to 8.8%, the lowest in nine months, and aligned with the CBR's call of lower inflation. In turn, international financial institutions in the IMF and World Bank expect the Russian economy to grow less than 1.5% this year, the least since 2016 when excluding pandemic and war shocks.