Off-The-Run Treasuries
Definition of '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." |
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Investopedia explains 'Off-The-Run Treasuries'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. |
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