current issue

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Current issue

In Treasury securities, the most recently auctioned issue. Trading is more active in current issues than in off-the-run issues. Also known as on-the-run issue.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Current Issue

In Treasury securities, the most recent issue. Current issues trade much more actively than older issues of Treasury securities. At any given time, there is a current issue for each type of Treasury security: notes, bills, and bonds and all their subcategories with different maturities. For example, a 20-year Treasury bond and a 30-year Treasury bond have two different current issues, but, in both cases, it is the most recently auctioned one. The current issue is also the on-the-run issue. See also: Off-the-run issue.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

current issue

The most recently issued Treasury security of a particular type. For 13-week Treasury bills that are auctioned each Monday, the current issue is the bill issued on the most recent Monday.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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