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imported>Doug Williamson |
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| The most recently issued of a series of similar securities from an issuer.
| | ''Statistics''. |
| | A distribution where the halves on either side of a particular line are mirror images of each other. For example a Normal distribution. |
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| For example, the most recently issued 10 year US treasury (government) bond is on the run. Earlier issues are 'off the run'.
| | == See also == |
| | * [[Skewed distribution]] |
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| In general, there is greater liquidity in the on the run issue. This can be reflected in higher price, lower yield. The higher liquidity occurs as the issue finds its way to longer-term holders' portfolios from primary dealers and more speculative buyers, prime brokers.
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| The term can also be applied to derivatives related to securities.
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| ==See also==
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| * [[Off the run]]
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| [[Category:Corporate_financial_management]]
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| [[Category:Investment]]
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| [[Category:Long_term_funding]]
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| [[Category:Treasury_operations]]
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| [[Category:Financial_products_and_markets]]
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Revision as of 14:20, 23 October 2012
Statistics.
A distribution where the halves on either side of a particular line are mirror images of each other. For example a Normal distribution.
See also
