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.
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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.
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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.