The volume of GKO sales decreased by two-thirds, demand shifted towards 3-year bonds
- In the third quarter of 2025, the market for government securities of the Kyrgyz Republic featured instruments of all maturities, except for 20-year issues. Long-term government treasury bonds (GKO) with a three-year maturity became the most relevant for investors. In the short-term segment, government treasury bills (GKV) with a maturity of 12 months continued to dominate.