Chap019 - Chapter 18 Government Bonds Slides 18-1 18-2 18-3...

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Chapter 18 Government Bonds Slides 18-1 Fundamentals of Investments 18-2 Government Bonds 18-3 Government Bond Basics, I. 18-4 Government Bond Basics, II. 18-5 U.S. Treasury Bills, T-bills 18-6 U.S. Treasury Notes, T-notes 18-7 U.S. Treasury Bonds, T-bonds 18-8 U.S. Treasury STRIPS 18-9 Example: Calculating the price of a STRIPS 18-10 Zero Coupon Bond Prices by Yield to Maturity and Maturity 18-11 Zero Coupon Bond Prices 18-12 WSJ Prices for Treasury Bonds, Notes and Bills 18-13 Treasury Bond and Note Prices 18-14 Straight Bond Prices and Yield to Maturity 18-15 Treasury Bond Prices and YTM for Different Maturities 18-16 Inflation-Indexed Treasury Securities 18-17 U.S. Treasury, General Auction Pattern 18-18 U.S. Treasury Auctions, Details 18-19 U.S. Treasury Auctions, More Details 18-20 U.S. Savings Bonds, I. 18-21 U.S. Savings Bonds, II. 18-22 Federal Government Agency Securities 18-23 Federal Government Agency Securities 18-24 Federal Government Agency Securities 18-25 Municipal Bonds 18-26 Municipal Bonds 18-27 Municipal Bonds 18-28 Municipal Bond Features 18-29 Municipal Bond Quotes 18-30 Types of Municipal Bonds 18-31 Municipal Bond Credit Ratings 18-32 Municipal Bond Insurance 18-33 Equivalent Taxable Yield 18-34 Example: Equivalent Taxable Yield 18-35 Example, Critical Marginal Tax Rate 18-36 Taxable Municipal Bonds 18-37 Useful Websites 18-38 Chapter Review, I. 18-39 Chapter Review, II.
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A-166 Chapter 18 Chapter Organization 18.1 Government Bond Basics 18.2 U.S. Treasury Bills, Notes, Bonds, and STRIPS A. Treasury Bond and Note Prices B. Inflation-Indexed Treasury Securities 18.3 U.S. Treasury Auctions 18.4 U.S. Savings Bonds A. Series EE Savings Bonds B. Series I Savings Bonds 18.5 Federal Government Agency Securities 18.6 Municipal Bonds A. Municipal Bond Features B. Types of Municipal Bonds C. Municipal Bond Credit Ratings D. Municipal Bond Insurance 18.7 Equivalent Taxable Yield 18.8 Taxable Municipal Bonds 18.9 Summary and Conclusions Selected Web Sites www.investinginbonds.com (lots of information on bonds, bonds, bonds) www.ustreas.gov (visit the U.S. Treasury) www.publicdebt.treas.gov (lots of information on Treasury securities) www.savingsbonds.com (for the latest on Savings Bonds) www.municipalbonds.com (check out munis)
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Government Bonds A-167 Annotated Chapter Outline 18.1 Government Bond Basics The U.S. federal government is the largest borrower in the world, with more than $4 trillion in public debt in 2003. The U.S Treasury manages the debt as the financial agent of the federal government. The debt is financed through marketable and nonmarketable securities. Marketable securities, the larger group of the two, include Treasury bills, Treasury notes, and Treasury bonds. Nonmarketable securities include U.S. Savings Bonds, Government Account Series, and State and Local Government Series. Treasury security ownership is registered with the U.S Treasury, and marketable security ownership can be transferred when the securities are sold. Nonmarketable securities do not allow transfer of registered ownership. Another large market for government debt is municipal government debt, currently at about $2 trillion.
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  • Spring '09
  • Wheeler
  • bonds municipal bonds, Federal Government Agency Securities Federal Government Agency Securities Federal Government Agency Securities Municipal Bonds

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