Off-The-Run Treasuries
All Treasury bonds and notes issued before the most recently issued bond or note of a particular maturity. These are the opposite of "on-the-run treasuries". Investopedia Says:
Once a new Treasury security of any maturity is issued, the previously issued security with the same maturity becomes the off-the-run bond or note.
Because off-the-run securities are less frequently traded, they typically are less expensive and carry a slightly greater yield. Related Terms:
Interpolated Yield Curve
Off-The-Run Treasury Yield Curve
On-The-Run Treasuries
On-The-Run Treasury Yield Curve
Treasury Bill
Treasury Bond
Treasury Note |