3. Sovereign Bonds, Non-Sovereign Bonds, Quasi-Government Bonds, and Supranational Bonds
e. describe securities issued by sovereign governments;
f. describe securities issued by non-sovereign governments, quasi-government entities, and supranational agencies;
What is a Sovereign bond?
Sovereign bonds are issued by a country's central government for fiscal reasons.
What is a T-bill?
A T-bill is a U.S. government bonds with an original maturity shorter than one year.
What is an "on-the-run issue"?
The most recently issued U.S. Treasury bond of a particular maturity is known as a on-the-run issue.
What is a Non-sovereign bond and what is the source of repayment proceeds?
Non-sovereign bonds are bonds issued by local governments. The sources of repayment proceeds are (the):
- Project cash flows
What is a Quasi-government bond?
Quasi-government bonds are issued by the government through various political subdivisions.
What are Supranational bonds?
Supranational bonds are bonds issued by supranational agencies such as the World Bank.