Off The Run

Once a new security (of any particular maturity) is issued the previously issued security with the same maturity becomes "off the run".

REMARKS
The term is often used in conjunction with US treasury bonds and notes.
"Off The Run" bonds are traded less frequently and are not used as benchmarks.
This is the opposite of "On The Run"
These types of securities are often used to construct yield curves.

© 2024 Better Solutions Limited. All Rights Reserved. © 2024 Better Solutions Limited Top