off-the-run issue

Off-the-Run Issue

A security for which a dealer does not provide bids and asks. See also: Run.

off-the-run issue

A security issue that is not included in a dealer's list of offerings. Compare run.
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The government will buy back the off-the-run issues and offer on- the-run bonds with high liquidity, while increasing the on-the-run issues through the extension of fungibility from one year to two years.