What does off-the-run mean in finance?
What does off-the-run mean in finance? Off-the-run Treasuries are those that have been issued before and remain outstanding. What are off-the-run securities? Off-the-run treasuries refer to any Treasury security that has been issued, except for the newest issue, which are called on-the-run. Off-the-run treasuries tend to be somewhat less liquid than on-the-run securities, although they […]