What happens to the yield on an ontherun Treasury security as a new auction date is approached?

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What happens to the yield on an on‐the‐run Treasury security as a new auction date is approached? Explain. How would the yield be affected if the Treasury announced a reopening of that security? Explain.

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Financial Markets Banking And Monetary Policy

ISBN: 9781118872239

1st Edition

Authors: Thomas D. Simpson

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Question Posted: Feb 02, 2024 09:48 AM

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What happens to the yield on an ontherun Treasury security as a new auction date is approached?

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An ontherun Treasury security refers to the most recently issued US Treasury bond or note of a parti...View the full answer

Financial Markets Banking And Monetary Policy

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