What is the meaning of On the run?

On the run is the most recently issued (and typically the most liquid) government bond in a particular maturity range.

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APABarry Goldsmith. (2010). on the run. Retrieved September 20, 2026, from http://smartdefine.org/on_the_run/definitions/1159616
ChicagoBarry Goldsmith. 2010. "on the run" http://smartdefine.org/on_the_run/definitions/1159616 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, on the run, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/on_the_run/definitions/1159616>.
MLABarry Goldsmith. "on the run" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/on_the_run/definitions/1159616>