Series 22: 1.2.5. Government And Agency Debt Securities

1.2.5. Government and Agency Debt Securities

Government debt securities share most of the basic characteristics of corporate debt securities. However, government debt securities may be distinguished from corporate bonds in the way they are issued and sold, their level of risk, and their level of taxation. They come in two general categories. Treasury securities are issued by the U.S. Treasury Department and are backed by the full faith and credit of the U.S. government. Agency securities are issued by federal agencies or by government-chartered corporations. Unlike Treasury secur