The bulk
of all agency bond debt — GSEs and Federal Government agencies — is issued by the Federal Home Loan Banks, Freddie Mac, Fannie Mae and the Federal Farm Credit banks.
In addition, agency bonds issued by Federal Government agencies are less liquid than Treasury bonds and therefore this type
of agency bond may provide a slightly higher rate of interest than Treasury bonds.
However, not all kinds
of agency bond issues are considered liquid, including some of which may be structured for a particular issuer or class of investors and may not be suitable for individual investors.
The interest from most but not all agency bond issues is exempt from state and local taxes and it is important for investors to understand the tax consequences
of agency bonds; some of the biggest agency bond issuers such as GSE entities Freddie Mac and Fannie Mae are fully taxable for example.
Mortgage debt that Fannie and Freddie buy is then sold to investors as mortgage - backed securities (MBS), often in the form
of agency bonds.
Not exact matches
«The power
of moral suasion is greater than we might think,» says Brenda Lum, managing director
of Canadian financial institutions with
bond - rating
agency DBRS.
More broadly, the regulatory
agencies in the United States and the Financial Stability Board internationally have work under way focusing on possible fire - sale risk associated with the growing share
of less liquid
bonds held in asset management portfolios on behalf
of investors who may be counting on same - day redemption when valuations fall.
The latest doozy from its James
Bond - like Q - wing, the Defense Advanced Research Projects
Agency, is a real imagination stoker: total transcription
of every conversation on earth.
It had already rebranded as
Bond in 2014 and had been expanding offerings to be more like a hybrid
of an ad
agency and a strategic branding or professional services consultancy.
«That was introduced just before the onset
of the recession, which was quite unfortunate,» says Travis Shaw, assistant vice-president
of public finance at DBRS, a
bond - rating
agency.
Threats from debt - rating
agencies to strip the country
of its sterling credit rating and investors» lacklustre response to a
bond auction in November are just two signs that this reality is beginning to sink in.
The
agency, created in 1946 to build houses for veterans
of the Second World War, liked to describe itself as the «heart
of housing» — an enormous Crown corporation that dominated the mortgage insurance market, guaranteed complex,
bond - like assets called mortgage - backed securities, and subsidized the building and upkeep
of First Nations and social housing.
The list
of individuals and organizations losing sleep over household debt — the government,
bond - rating
agencies, senior bank executives, economists — is long and growing.
a government, corporation, municipality, or
agency that has issued a security (e.g., a
bond) in order to raise capital or to repay other debt; the issuer goes to an underwriter to get their securities sold in the new issue market; for certificates
of deposit (CDs), this is the bank that has issued the CD; in the case
of fixed income securities, the issuer
of the security is the primary determinant
of the security's characteristics (e.g., coupon interest rate, maturity, call features, etc..)
an interest - bearing promise to pay a specified sum
of money (the principal amount) on a specific date;
bonds are a form
of debt obligation; categories
of bonds are corporate, municipal, treasury,
agency / GSE
«Her comments on their face are wrong,» said Christopher Whalen, senior managing director at Kroll
Bond Rating
Agency and author
of «Inflated: How Money and Debt Built the American Dream.»
Most
bonds carry a rating provided by one
of the three independent rating
agencies: Standard & Poor's, Moody's and Fitch.
Looking back to one
of the worst recessions in recent times, many people believe that the independent
bond rating
agencies played a pivotal part in the 2008 downturn.
The Bloomberg Barclays U.S. Aggregate 10 + Year
Bond Index is unmanaged and is composed of the Bloomberg Barclays U.S. Government / Credit Index and the Bloomberg Barclays U.S. Mortgage - Backed Securities Index and includes Treasury issues, agency issues, corporate bond issues, and mortgage - backed securities with maturities of 10 years or m
Bond Index is unmanaged and is composed
of the Bloomberg Barclays U.S. Government / Credit Index and the Bloomberg Barclays U.S. Mortgage - Backed Securities Index and includes Treasury issues,
agency issues, corporate
bond issues, and mortgage - backed securities with maturities of 10 years or m
bond issues, and mortgage - backed securities with maturities
of 10 years or more.
The Bloomberg Barclays U.S. Aggregate 5 — 7 Year
Bond Index is unmanaged and is composed of the Bloomberg Barclays U.S. Government / Credit Index and the Bloomberg Barclays U.S. Mortgage - Backed Securities Index and includes Treasury issues, agency issues, corporate bond issues, and mortgage - backed securities with maturities of five to seven ye
Bond Index is unmanaged and is composed
of the Bloomberg Barclays U.S. Government / Credit Index and the Bloomberg Barclays U.S. Mortgage - Backed Securities Index and includes Treasury issues,
agency issues, corporate
bond issues, and mortgage - backed securities with maturities of five to seven ye
bond issues, and mortgage - backed securities with maturities
of five to seven years.
These licenses and registrations subject us, among other things, to record - keeping requirements, reporting requirements,
bonding requirements, limitations on the investment
of customer funds, and inspection by state and federal regulatory
agencies.
The iShares Intermediate Credit
Bond ETF tracks a market - weighted index
of USD - denominated investment grade corporate, sovereign, supranational, local authority and non-US
agency debt with maturities between 1 - 10 years.
The Bloomberg Barclays U.S. Aggregate
Bond Index is composed of the Bloomberg Barclays U.S. Government / Credit Index and the Bloomberg Barclays U.S. Mortgage - Backed Securities Index and includes Treasury issues, agency issues, corporate bond issues, and mortgage - backed securit
Bond Index is composed
of the Bloomberg Barclays U.S. Government / Credit Index and the Bloomberg Barclays U.S. Mortgage - Backed Securities Index and includes Treasury issues,
agency issues, corporate
bond issues, and mortgage - backed securit
bond issues, and mortgage - backed securities.
The Bloomberg Barclays U.S. Aggregate 1 — 3 Year
Bond Index is unmanaged and is composed of the Bloomberg Barclays U.S. Government / Credit Index and the Bloomberg Barclays U.S. Mortgage - Backed Securities Index and includes Treasury issues, agency issues, corporate bond issues, and mortgage - backed securities with maturities of one to three ye
Bond Index is unmanaged and is composed
of the Bloomberg Barclays U.S. Government / Credit Index and the Bloomberg Barclays U.S. Mortgage - Backed Securities Index and includes Treasury issues,
agency issues, corporate
bond issues, and mortgage - backed securities with maturities of one to three ye
bond issues, and mortgage - backed securities with maturities
of one to three years.
When people see banks browbeating the
bond rating
agencies and accounting firms to whitewash the quality
of what they're pawning off on their customers, when they see bank lobbyists getting Washington to block state prosecutions
of financial fraud so as to clear the way for more predatory lending and false packaging
of the junk securities they're selling and to win the right not to reveal their true financial position, there's a good reason not to buy what's in these black boxes.
Each day these dealers, on average, trade about $ 700 billion
of bonds (including Treasury, government
agency, corporate, and municipal
bonds) with clients, and billions more in trades among themselves.
Certain types
of bond funds, such as broad market
bond funds, are also diversified across
bond sectors, providing exposure to corporate, U.S. government, government
agency and mortgage - backed
bonds.
Western allies press Trump to maintain nuclear deal with Iran: Reuters US intelligence monitors Iranian cargo shipments into Syria: CNN A trade war is a major risk for China's debt - ridden economy: CNBC Federal judge orders gov» t must accept new DACA immigration applications: WaPo Unification
of Koreas still unlikely as leaders prepare to meet: Reuters US Consumer Confidence Index rebounded in April after March decline: CB New home sales in US increased to 4 - month high in March: MarketWatch Richmond Fed Mfg Index turns negative for first time since 2016:
Bond Buyer S&P Case - Shiller Home Price Index surged in Feb, up 6.3 % y - o - y: CNBC Federal Housing Finance
Agency: US house prices continued to rise in Feb: HW Corp
bonds with lowest investment - grade rating look vulnerable: Bloomberg 10 - year Treasury yield reaches 3.0 % for first time since 2014: CNN Money
CAPITALIZING ON GLOBAL
BONDS & CURRENCY OPPORTUNITIES Templeton Global Bond Fund seeks current income with capital appreciation and growth of income by investing predominantly in bonds of governments and government agencies around the w
BONDS & CURRENCY OPPORTUNITIES Templeton Global
Bond Fund seeks current income with capital appreciation and growth
of income by investing predominantly in
bonds of governments and government agencies around the w
bonds of governments and government
agencies around the world.
Our investment team will typically select 25 — 50
bonds5 per account, and may invest in a mix
of corporate
bonds, U.S. Treasuries, government
agencies, mortgage and asset - backed
bonds, taxable municipal
bonds, and floating - rate
bonds.
Investment grade vs. non-investment grade (high yield) Corporate
bonds are generally rated by one or more
of the three primary ratings
agencies: Standard & Poor's, Moody's, and Fitch.
Just as individuals have their own credit report and rating issued by credit bureaus,
bond issuers generally are evaluated by their own set
of ratings
agencies to assess their creditworthiness.
The government also needs to refinance a 1 billion - euro
bond maturing in November and a smaller yen note due in July, according to data on the website
of the debt - management
agency, known as AKK.
B - GenST - General
Bond: Short - Term: Invest in a mix
of government and
agency bonds, corporate
bonds, and mortgage - backed
bonds.
Bearishness about Mexico's output prevailed early in 2017: Estimates
of 1 % growth reflected negative US rhetoric and
bond - rating
agency skepticism.
Ratings
agencies research the financial health
of each
bond issuer (including issuers
of municipal
bonds) and assign ratings to the
bonds being offered.
The debt - management
agency failed to raise the planned amount
of debt at four auctions in the past month and scrapped one
bond - exchange auction.
A downgrade in the credit rating
of a
bond by the credit
agencies can affect
bond performance as well if institutional investors are forced to sell because
of restrictions on the credit quality
of the
bonds they're able to hold.
B - GenIT - General
Bond: Intermediate - Term: Invest in a mix
of government and
agency bonds, corporate
bonds, and mortgage - backed
bonds.
B - GvST - Government: Short - Term
Bond: Invest in the
bonds of the U.S. government and its
agencies.
There are 3 main ratings
agencies that evaluate the creditworthiness
of bonds: Moody's, Standard & Poor's, and Fitch.
B - GvLT - Government: Long - Term
Bond: Invest in the
bonds of the U.S. government and its
agencies.
B - GenLT - General
Bond: Long - Term: Invest in a mix
of government and
agency bonds, corporate
bonds, and mortgage - backed
bonds.
The idea that real interest rates — that is, adjusted for inflation — will be lower than they have been historically is reflected in the pronouncements
of policymakers such as Federal Reserve chair Janet Yellen, the medium - term forecasts
of official
agencies such as the Congressional Budget Office and the International Monetary Fund and the pricing
of government
bonds whose payments are tied to inflation.
estimate
of annual income from a specific security position over the next rolling 12 months; calculated for U.S. government, corporate, and municipal
bonds, and CDs by multiplying the coupon rate by the face value
of the security; calculated for common stocks (including ADRs and REITs) and mutual funds using an Indicated Annual Dividend (IAD); calculated for fixed rate
bonds (including treasury,
agency, GSE, corporate, and municipal
bonds), CDs, common stocks, ADRs, REITs, and mutual funds when available; not calculated for preferred stocks, ETFs, ETNs, UITs, international stocks, closed - end funds, and certain types
of bonds
And while smaller outfits, including Kroll
Bond Rating
Agency, have gained some traction in the industry
of late, S&P, Moody's and Fitch still dominate the business.
Kroll
Bond Rating
Agency Europe Limited is carrying on business as KBRA Europe and is registered in Ireland, No. 599995 with a registered address
of 25 - 28 North Wall Quay, Dublin 1, Ireland.
Borrowers still pay rating
agencies like McGraw - Hill's S&P, Fitch Ratings and Moody's Investors Service to assess the creditworthiness
of their
bonds.
Of this overall increase, $ 2.5 trillion has gone into Treasury notes and
bonds, while $ 1.75 trillion has been invested in MBS and housing -
agency debt securities.
While not issued by the US Government, there is another type
of bond which is associated with Government
agencies, which you can learn more about in our article on
agency bonds.