I came across this article:
https://districtcapitalmanagement.com/how-to-build-a-treasury-bill-ladder/
And am unsure, what this sentence means:
"6-month and 12-month T-Bills are often referred to as “on-the-run” T-bills because they are the most liquid. 1 month, 3 months, and 9 months are often referred to as “off-the-run” as they are less liquid and they are not as attractive to investors."
How can 1 Tbill be less liquid than the other?
Submitted August 03, 2023 at 11:38PM by bongobongo456 https://ift.tt/2O8t6ES
