Municipal Securities Market
Treasury Securities Market
Federal Agency Securities Market
Corporate Bond Market
Mortgage Securities Market
100
U.S., state and local governments borrow money to finance their capital investment and cash flow needs
What is the primary way
100
very liquid
What are treasury bonds
100
maturity date
What is 1 Month- 15 years
100
debt that matures in less than a year
What is commercial paper
100
a type of asset-backed security that is secured by a mortgage or collection of mortgages
What is mortgage securities
200
Debt securities issued by a state, country of county to finance their projects.
What is municipal bonds
200
the shortest range of maturities of all government bonds at 4, 13, 26 and 52 weeks
What is t-bills
200
debt instrument issued by federal credit agency
What is Federal Agency Securities
200
affects sensitivity to changes in the market interest rate
What is Maturity and coupon rate
200
Ensures liquidity for gov’t insured mortgages
What is Ginnie Mae
300
the maximum term until maturity for both general obligation and revenue bonds?
What is 38 years
300
“long bond”
What are T-Bonds
300
Shares of a cooperation
What is Equity Securities
300
corporate bonds contact indenture has terms
What is covenants
300
Leading Source of residential mortgage credit in the U.S. secondary market.
What is Fannie Mae
400
issues municipal bonds
What is state and local governments
400
debt obligations backed by
What is "Full faith and credit"
400
How types of secruities
What is three
400
the price of a bond will fall if the interest rate rises
What is interest rate risk
400
Federal home loan corporation known as Freddie mac
What is Freddie Mac
500
one attractive investment characteristic
What is safest long term investments
500
risk for treasury securities
What is Opportunity cost, rising prices, and interest rate fluctuations
500
Government-Sponsored Enterprise
What is (GSE)
500
a coupon rate that remains fixed throughout its life time
What is fixed coupon
500
Minimum investment can be fairly high, upwards of $25,000
What is advantage
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