Acronym for: When-Issued Market. It is a component of the Treasury securities secondary market. In the WI market, investors can purchase treasuries from the date the auction is announced until the beginning of the Treasury issuance. In general, WI market transaction settlements occur at the issue date.

Bibliography
FABOZZI F., MODIGLIANI F. and JONES F. (2010), Foundation of Financial Markets and Institutions, Pearson International Edition.

Editor: Bianca GIANNINI

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