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	Government bond - Wikipedia, the free encyclopedia
		A government bond is a bond issued by a national government denominated in the country's own currency.
		Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds.
		Government bonds are usually referred to as risk-free bonds, because the government can raise taxes or simply print more money to redeem the bond at maturity.
	en.wikipedia.org /wiki/Government_bond (487 words)

	Municipal bond - Facts, Information, and Encyclopedia Reference article
		Municipal bonds are guaranteed by a local government, a subdivision thereof, or a group of local governments, and are assessed for risk and rated accordingly.
		The laws governing the taxability of municipal bond income are complex; however, bonds are typically certified by a law firm as either tax-exempt or taxable before they are offered to the market.
		The risk ("security") of a municipal bond is a measure of how likely the issuer is to make all payments, on time and in full, as promised in the agreement between the issuer and bond holder (the "bond documents").
	www.startsurfing.com /encyclopedia/m/u/n/Municipal_bond.html (1024 words)

	U.S. GOVERNMENT SECURITIES 7
		Tables from government bonds traded OTC show the nominal or coupon interest rate, the scheduled month and year of maturity, the highest, lowest and last prices of the bond, and the net change from a previous period.
		Thus a government bond quoted at 98.24 should be read as 98 24/32 or 98 3/4 which translates to $987.50, as they are listed on a par of 100.
		If a Government security is converted, the amount received may be less than the quoted value because of commissions.
	www.dpw.state.pa.us /oimpolicymanuals/manuals/bop/Ca/140/140_A-06.htm (675 words)

	AXA Enterprise Government Securities Fund
		Although the net asset values of any income-producing security will fluctuate some with market conditions, U.S. government securities are generally considered to be among the "safest" fixed-income investments available.
		A government securities fund may include U.S. Treasury securities such as Treasury bills, notes and bonds, which are direct obligations of the United States.
		A government securities fund may also include mortgage-backed securities, which many experts consider to be among the top-performing securities in the investment grade fixed-income market.
	www.enterprisefunds.com /funds/E131.asp?id=1 (352 words)

	Cititrade \| Research \| Bonds \| Government Bonds (Site not responding. Last check: 2007-10-31)
		U.S. government securities are debt obligations issued to finance the many activities and programs of the federal government.
		Government securities are available in two basic forms: Treasury securities that are direct obligations of the U.S. government and Agency securities issued by various federal Agencies and government-sponsored enterprises (GSEs), among them Fannie Mae, Freddie Mac, the Federal Farm Credit Bank (FFCB), the Federal Home Loan Bank (FHLB) and the Tennessee Valley Authority (TVA).
		As with all fixedincome securities, if interest rates, in general, rise after a government security is issued, the value of the issued security will fall, since bonds paying higher rates will come into the market.
	www.mycititrade.com /research/bonds/bonds_government.html (2012 words)

	Government Securities Clearing Corporation: No-Action Letter / October 19, 2001
		Paragraph (b)(1) of Rule 17f-4 permits a fund or its custodian to deposit all or part of the securities owned by the fund in a clearing agency that is registered with the Commission under Section 17A of the 1934 Act (a "registered clearing agency") and that acts as a securities depository.
		You assert that GSCC acts as a securities depository, as defined in Rule 17-4, with respect to the U.S. government securities that clear and settle through the Interbank Mechanism.
		In general, a fund maintains the securities that collateralize its repurchase agreements with the fund's custodian, or an entity that qualifies as a custodian under the 1940 Act.
	www.sec.gov /divisions/investment/noaction/government101901.htm (3344 words)

	Sec. 15C -(78o-5). Government Securities Brokers and Dealers. (Site not responding. Last check: 2007-10-31)
		When such a government securities broker or government securities dealer ceases to act as such it shall file with the appropriate regulatory agency a written notice that it is no longer acting as a government securities broker or government securities dealer.
		Any registered government securities broker or registered government securities dealer may, upon such terms and conditions as the Commission may deem necessary in the public interest or for the protection of investors, withdraw from registration by filing a written notice of withdrawal with the Commission.
		If the Commission finds that any registered government securities broker or registered government securities dealer is no longer in existence or has ceased to do business as a government securities broker or government securities dealer, the Commission, by order, shall cancel the registration of such government securities broker or government securities dealer.
	www.securitiesmosaic.com /Gateway/Laws/78o-5.htm (1733 words)

	AXA Enterprise Government Securities Fund
		The securities in the fund are considered to be of the same or higher credit quality as corporate bonds rated Aaa by Moody's or AAA by Standard & Poor's, the highest ratings that bonds can receive.
		The manager's strategy for the AXA Enterprise Government Securities Fund is to use a "top down" investment process that begins with an analysis of the U.S. economy, followed by development of an interest rate approach.
		Mortgage-backed securities also are increasingly more common — they now represent about one-third of all investment grade debt.
	www.enterprisefunds.com /funds/E131.asp?id=5 (424 words)

	Government Bonds
		Although some government securities last less than one year, those securities are really part of the money market.
		This security was created to relieve investors of prepayment uncertainties that arise when homeowners refinance their mortgages.
		Securities products offered are not FDIC nor NCUA insured and are not obligations or deposits of, or guaranteed by, any bank, credit union, or savings institution and involve investment risk including the possible loss of principal.
	www.ameritradefinancial.com /educationv2/fhtml/stocksfunds/govbonds.fhtml (1089 words)

	Private Client Group: Government Agency Securities
		Government Agency Securities are debt obligations issued by U.S. Government Sponsored Enterprises such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
		While Government Agency Securities are not backed by the full faith and credit of the U.S. Government, most have credit lines with the U.S. Treasury and are afforded the highest credit ratings.
		Government Agency Securities offer yields that are generally higher than comparable Treasury Securities due to the slight increase in credit risk.
	www.leggmason.com /privateclient/advice_center/detail/government_agency_securities.asp (206 words)

	Government Oblications as supplied by EagleTraders.com
		These securities have several important characteristics: They are actively traded, they are considered very safe as to payment of interest and return of principal, and they are excellent collateral for loans.
		Government obligations are also subject to risks associated with a decline in purchasing power of the dollars in which interest and principal are payable (inflation).
		Various opportunities for advance refundings are made available to holders of government securities (for example, prerefundings in which holders of Treasury issues with a maturity of under one year are given the right to exchange their holdings for issues with a longer maturity, from one to five years).
	www.eagletraders.com /advice/securities/government_oblications.htm (1337 words)

	Utah Division of Securities
		The government has established agencies and corporations which are part of the government.
		Finally, most of the securities which qualify under this exemption are also considered to be federal covered securities under section 18 of the Securities Act of 1933.
		It is the policy of the Division that the guarantee cannot be separated from the security and thus is not a separate security in itself.
	www.securities.state.ut.us /corpfin_exempt_1a.html (434 words)

	Individual - Treasury Securities & Programs (Site not responding. Last check: 2007-10-31)
		Treasury bills are short-term government securities with maturities ranging from a few days to 26 weeks.
		Treasury notes are government securities that have maturities of 2, 3, 5, and 10 years and earn interest every six months.
		TIPS are marketable securities whose principal is adjusted by changes in the Consumer Price Index.
	www.treasurydirect.gov /indiv/products/products.htm (257 words)

	U.S. Government Securities
		Securities eligible for MBSD clearing are mortgage-backed securities issued by the Government National Mortgage Association (GNMA), the Federal Home Loan Mortgage Corporation (FHLMC), and the Federal National Mortgage Association (FNMA).
		Once the government securities net positions are determined GSD interposes itself between the original trading parties and becomes the legal counter-party to FICC members for settlement purposes.
		When book-entry securities transfers are processed using Fedwire Security Service, the institution sending the transfer receives immediate credit in its Federal Reserve (funds) account for the payment associated with the transfer, and its securities account is correspondingly debited.
	www.ffiec.gov /ffiecinfobase/booklets/Wholesale/05.html (824 words)

	Government Securities Division Roundtable: BondMarkets Online (Site not responding. Last check: 2007-10-31)
		Callable agency securities are increasingly popular with foreign investors and are traded overnight in Tokyo and London.
		A number of dealers use these securities to hedge their position risk and thus may use secondary bidding to actually cover a short position.
		Market participants will always have different valuation techniques, but the size of the callable agency securities market has grown to the point where it is important that trading conventions are developed so that, regardless of how anyone evaluates the security, there is agreement on how the transactions trade in the market.
	www.bondmarkets.com /newsletters/2002/902govtRoundtable.shtml (2336 words)

	FICC: About the Government Securities Division
		The Government Securities Division is an industry service organization, designed to operate on a not-for-profit basis, whose primary purpose is to ensure orderly settlement in the Government securities marketplace.
		The Government Securities Division's automated system is designed to provide real-time interactive communication facilities for the clearance and settlement of Government debt products.
		Government securities no longer are exempted securities for the purpose of Section 17A of the Securities Exchange Act, which makes it unlawful for any clearing agency, unless registered with the SEC, to perform the functions of a clearing agency with respect to any non-exempted security.
	www.ficc.com /gov/gov.about.jsp?NS-query= (1288 words)

	Understanding U.S. Government Securities Quotes - Fedpoints - Federal Reserve Bank of New York
		Quotes for Treasury securities show the security's interest rate when it was sold, the maturity date, bid and asked prices, price change from the previous day, and the yield on the security.
		The market for these securities is decentralized, but because the secondary market in Treasury securities is highly competitive, prices for actively traded issues tend to be similar throughout the market, which is global.
		Figures under the "issue" heading identify the specific security by the interest rate established by the Treasury when the security was first sold (in this case, 6 2 percent) and the maturity date (Aug. 15, 2005).
	www.ny.frb.org /aboutthefed/fedpoint/fed07.html (1324 words)

	ECCB Regional Government Securities Market (RGSM)
		The Regional Government Securities Market, the RGSM, is the focal point for buying and selling treasury bills, notes and bonds issued by the governments of the currency union, that is the Governments of Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St Kitts and Nevis, St Lucia and St Vincent and the Grenadines.
		Having listed securities on the Eastern Caribbean Securities Exchange, governments are required to present quarterly updates on the economic and financial performance of their country.
		The Bank advises the governments as to the most appropriate instruments to issue, within the context of sound debt management policies, and the most appropriate time to issue securities on the primary market.
	www.eccb-centralbank.org /Money/rgsm.asp (488 words)

	American Funds - Detailed Fund Information - U.S. Government Securities Fund - Class A
		Invests in direct obligations of the U.S. Treasury, GNMA mortgage-backed securities, securities issued by U.S. government agencies or instrumentalities but not backed by the full faith and credit of the U.S. government and short-term debt securities of private issuers.
		U.S. government obligations are guaranteed by the full faith and credit of the United States government.
		The SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities, while the distribution rate reflects the fund's past dividends paid to shareholders.
	americanfunds.com /funds/details.htm?fundGroupNumber=22&... (639 words)

	Government Debt Securities Indices (Site not responding. Last check: 2007-10-31)
		These indices were formulated in order to fulfill the requirements of members and investors as well as individuals and institutions eager to follow and analyze the changes in prices and yields of fixed-income securities, through simple and comprehensive indicators.
		In addition, the aim of introducing ISE Government Debt Securities Indices is to provide the basis for comparison with other markets and a foundation for technical studies.
		Since the inception of the Bonds and Bills Market, nearly all transactions executed in Treasury bills and Government bonds have had maturities of less than one year.
	www.ise.org /indices/bondindx.htm (555 words)

	Bills, Notes, Bonds, TIPS: U.S. Government Securities - ICMA-RC
		In the event these securities are offered to the public, many fixed income investment managers will add these securities to the fixed income portfolios they manage.
		These securities are sold by the U.S. government in order to pay off maturing debt and raise the cash needed to run the federal government.
		TIPS, or Treasury Inflation-Protected Securities, are securities whose principal is tied to the inflation rate.
	www.icmarc.org /xp/rc/marketview/chart/2005/20050506usgovernmentsecurities.html (567 words)

	Sentinel Government Securities Fund (Site not responding. Last check: 2007-10-31)
		Fund management chooses the types of U.S. government securities that it believes will provide the best return with the least risk in light of its analysis of current market conditions and its outlook for interest rates and the economy.
		Sentinel Government Securities Fund seeks as high a level of current income as is consistent with safety of principal by investing primarily in a diversified portfolio of securities issued or guaranteed by the U.S. government, its agencies and instrumentalities.
		U.S. government guarantees regarding timely payment of principal and interest apply only to U.S. government securities themselves, and not to shares of the Fund.
	sentinelfunds.com /003/003_1k.asp (772 words)

	About Government Bonds
		All GSE debt is sponsored but not guaranteed by the federal government, whereas government agencies such as Government National Mortgage Association (Ginnie Mae) are divisions of the government whose securities are backed by the full faith and credit of the United States.
		However, debt securities issued by GSEs are solely the obligation of their issuer and, unless explicitly stated, do not carry any guarantee by the federal government.
		The variety of issued securities enable GSEs to lower their cost of funding by targeting an issue to a particular investor need, since investors are typically willing to pay a premium to obtain a desired cash flow or implement a particular market view.
	www.investinginbonds.com /learnmore.asp?catid=9&subcatid=52 (1236 words)

	FDIC: FIL-23-98: Financial Institution Letters: Government Securities
		Banks affected are those engaged in repurchase agreement transactions, registered as government securities brokers or dealers, or holding government securities for customers.
		The interpretive letter also provides that banks that are registered government securities brokers or dealers may store records electronically.
		This interpretation simplifies compliance with GSA regulations for the storage of records by banks that have registered as government securities brokers or dealers (17 CFR 404.4).
	www.fdic.gov /news/news/financial/1998/fil9823.html (322 words)

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