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PDF] FACTORES EXPLICATIVOS DE LOS TIPOS DE INTERÉS DE MERCADO: ANÁLISIS ...Formato de archivo: PDF/Adobe Acrobat

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Note added at 25 mins (2008-09-23 23:22:37 GMT)
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PDF] Trabajo acreedor a Primer Lugar Categoría Tesis Análisis del ...Formato de archivo: PDF/Adobe Acrobat
algunos países) se ha traducido en la pérdida de eficacia de las tasas ...... previas o emisiones viejas ( también denominadas emisiones “off the run”). ...
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Como no me convencieron las dos respuestas anteriores, me puse a investigar y esto fue lo que encontré:

On-The-Run Treasuries:
The most recently issued U.S. Treasury bond or note of a particular maturity. These are the opposite of "off-the-run treasuries".

When quoting the price or yield of a Treasury, all market commentary refers to the on-the-run issue.

Because off-the-run securities are less frequently traded, they typically are less expensive and carry a slightly greater yield.


Off-The-Run Treasuries:
All Treasury bonds and notes issued before the most recently issued bond or note of a particular maturity. These are the opposite of "on-the-run treasuries".
Once a new Treasury security of any maturity is issued, the previously issued security with the same maturity becomes the off-the-run bond or note.
Because off-the-run securities are less frequently traded, they typically are less expensive and carry a slightly greater yield.