LM5: Fixed-Income markets for government issuers

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Last updated 7:42 PM on 4/13/26
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4 Terms

1
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agencies

are quasi-government entities that issue debt to fund the government-sponsored provision of specific public goods or services based on sovereign or local law

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non-sovereign government authorities

may issue general obligation bonds or revenue bonds

3
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general obligation bonds (GO bonds)

are issued for general purposes and repaid with local tax cash flows

4
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revenue bonds

are issued for specific project financing and repaid with cash flows directly from the project