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.
GovPX provides the best bid and best offer, size yields, last trade side (hit/take) and last trade price for all active, WI and off-the-run issues.
And since the prices are live, it's also a quick pricing source for off-the-run issues.
Through graphs and related commentary, this service delivers issue-specific value analysis, identifies off-the-run issues that are rich or cheap, provides yield curve and spread analysis, tracks intra-day shifts in the two and ten year, and relates current yield volatility to historical norms.