CoachThe most recently auctioned security of each original maturity is on-the-run (the benchmark); all earlier issues of that maturity are off-the-run. Each new auction makes the previous benchmark off-the-run.
Quantitative Finance · Glossaire
Qu'est-ce que « On-the-run and off-the-run » ?
Aussi appelé : on-the-run · off-the-run