- CFA Exams
- CFA Level I Exam
- Study Session 14. Fixed Income (1)
- Reading 43. Fixed-Income Markets: Issuance, Trading, and Funding
- Subject 3. Sovereign Bonds, Non-Sovereign Bonds, Quasi-Government Bonds, and Supranational Bonds
CFA Practice Question
Securities that are replaced by on-the-run issues are known as ______.
A. off-the-run issues
B. treasury strips
C. stripped treasury securities
Explanation: The most recently issued securities for a given maturity are called on-the-run issues.
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