THE BOND MARKET | 债券市场 |
▲Treasure Notes and Bonds: The U.S. government borrows funds in large part by selling Treasury notes and Treasury bonds. T-note maturities range up to 10 years, whereas bonds on issued with maturities ranging from 10 to 30 years.●Both make semiannual invest payments called coupon payments.●T-bonds may be callable during a given period, usually the last five years of the bond’s life. The call provision gives the Treasury the right to repurchase the bond at par value.▲Federal Agency Debt: Some government agencies issue their own securities to finance their activities.●The majority of the debt is issued in support of farm credit and home mortgages.▲Eurobond: A Eurobond is a bond denominated in a currency other than that of the country in which it is issued. ▲Municipal Bonds: Municipal bonds are issued by state and local governments.
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