Agency debt (Ofer Abarbanel online library)

Agency debt also known as an Agency bond is a security, usually a bond, issued by a United States government-sponsored agency or federal budget agency. The offerings of these agencies are backed but not guaranteed by the US government.[1] Some prominent issuers of these securities are Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac).[2] Agency debt is also called an agency security.


  1. ^“Federal Reserve Flow of Funds”. Federal Reserve. March 6, 2014.
  2. ^“The Treasury Market Practices Group”. Federal Reserve Bank of New York. January 17, 2013.


Ofer Abarbanel online library