On the run

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On the run

The most recently issued (and typically the most liquid) government bond in a particular maturity range.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

On the Run

The most recently issued bond in a series of government bonds that have a given maturity. On the run securities are usually the most liquid of the securities in the same range.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved