Agency debt

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Agency debt also known as an Agency bond is a security, usually a bond, issued by a U.S. government-sponsored agency or federal budget agency. The offerings of these agencies are backed but not guaranteed by the US government.[1] Some prominent issuers of these securities are Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac).[2] Agency debt is also called an agency security.

See also[edit]

Mortgage-backed security

References[edit]

  1. ^ "Federal Reserve Flow of Funds". Federal Reserve. March 6, 2014.
  2. ^ "The Treasury Market Practices Group". Federal Reserve Bank of New York. January 17, 2013.