Fixed Income - Types of Borrowers

Types of Borrowers

Governments issue government bonds in their own currency and sovereign bonds in foreign currencies. Local governments issue municipal bonds to finance themselves. Debt issued by government-backed agencies is called an agency bond. Companies can issue a corporate bond or obtain money from a bank through a corporate loan. Preferred stocks share some of the characteristics of fixed interest bonds. Securitized bank lending (e.g. credit card debt, car loans or mortgages) can be structured into other types of fixed income products such as ABS – asset-backed securities which can be traded on exchanges just like corporate and government bonds.

Read more about this topic:  Fixed Income

Famous quotes containing the words types of and/or types:

    ... there are two types of happiness and I have chosen that of the murderers. For I am happy. There was a time when I thought I had reached the limit of distress. Beyond that limit, there is a sterile and magnificent happiness.
    Albert Camus (1913–1960)

    He’s one of those know-it-all types that, if you flatter the wig off him, he chatter like a goony bird at mating time.
    —Michael Blankfort. Lewis Milestone. Johnson (Reginald Gardner)