On-The-Run Treasuries
The most recently issued U.S. Treasury bond or note of a particular maturity. These are the opposite of "off-the-run treasuries". Investopedia Says:
When quoting the price or yield of a Treasury, all market commentary refers to the on-the-run issue.
The on-the-run bond or note is the most frequently traded Treasury security of its maturity. Because on-the-run issues are the most liquid, they typically are a little bit more expensive and, therefore, yield less than their off-the-run counterparts. Related Terms:
Interpolated Yield Curve
Off-The-Run Treasuries
Off-The-Run Treasury Yield Curve
On-The-Run Treasury Yield Curve
Treasury Bill
Treasury Bond
Treasury Note |