 |
U.S.
TREASURY BILLS are
obligations issued by the Department
of the Treasury maturing in 13, 26 or 52 weeks.
|
 |
U.S. TREASURY
NOTES are U.S. government paper, not legally
restricted as to interest rates, with maturity from one to five years.
|
 |
U.S. TREASURY
BONDS
are long-term (10 to 30 years) fixed
interest government debt security.
|
 |
GOVERNMENT
NATIONAL MORTGAGE ASSOCIATION (Ginnie Mae) is the name of the agency which issues and guarantees GNMA
securities which are mortgage-backed certificates. Monthly payments of principal
and interest from homeowners are passed through to the investors who owns GNMA's. |