Agency Bond

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DEFINITION of 'Agency Bond'

A bond issued by a government agency. These bonds are not fully guaranteed in the same way as U.S. Treasury and municipal bonds.

INVESTOPEDIA EXPLAINS 'Agency Bond'

These bonds do not include those issued by the U.S. Treasury or municipalities. They include such agencies as Fannie Mae, Freddie Mac, Sallie Mae and the Federal Home Loan Banks.

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    A day-count convention is a system used in the bond markets to determine the number of days between two coupon dates. This ... Read Full Answer >>
  3. What is the difference between compounding interest and simple interest?

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  4. What is the relationship between modified duration and interest rates?

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  5. How does inflation affect a company's short-term investments?

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  6. What is the difference between a repurchase agreement and reverse repurchase agreement?

    A repurchase agreement, or repo, is a form of collateralized lending, while a reverse repurchase agreement, or reverse repo, ... Read Full Answer >>
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