- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 43. Fixed-Income Markets: Issuance, Trading, and Funding
- Subject 3. Sovereign Bonds, Non-Sovereign Bonds, Quasi-Government Bonds, and Supranational Bonds
CFA Practice Question
Off-the-run Treasury securities are ______.
II. also called the current issue
III. securities that are replaced by on-the-run securities
I. the most recently issued securities in a maturity range
II. also called the current issue
III. securities that are replaced by on-the-run securities
Correct Answer: III
User Contributed Comments 3
| User | Comment |
|---|---|
| sarath | Then what is the welloff the run treasury securities |
| alki | those are the ones replaced several times by on the run secs. |
| Inaganti6 | Usain Bolt might know a bit about these runs |