Sản phẩm & Rủi roCâu 130 / 398
Compared with U.S. Treasury securities, GSE agency securities such as FNMA debentures generally offer:
a.A lower yield because they are federally insured
b.Exactly the same yield because both are government issues
c.A slightly higher yield to compensate for the absence of a direct full-faith-and-credit guarantee
d.A tax exemption at the federal level
Giải thích
GSE securities are not directly guaranteed by the U.S. government, so investors demand a slightly higher yield than on comparable Treasuries to compensate for the marginally higher credit risk. Both are still considered very high quality, but the yield spread reflects the difference in backing.
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Câu hỏi liên quan cùng chủ đề
- Which agency mortgage security is backed by the full faith and credit of the U.S. government?
- Fannie Mae (FNMA) is best described as a:
- Freddie Mac (FHLMC) primarily:
- A collateralized mortgage obligation (CMO) is:
- In a CMO, the different tranches primarily allow investors to:
- Treasury STRIPS are best described as:
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