There are many federal agencies that also issue bonds. This could be to build highways (Federal Highway Administration) or to provide mortgages to residential housing buyers (Freddie Mac and Fannie Mae). Most of these Federal Agency Bonds have a U.S. Government guarantee behind them. The yields are low and comparable to U.S. Treasuries. Because of the federal guarantee, investors have a big appetite for these types of bonds. During the past two recessions, the Fed bought trillions of dollars of Fannie Mae’s and Freddie Mac’s bonds, and now the rates on home mortgages (around 3% for a thirty-year mortgage) are the lowest they have ever been.
Introduction
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Your First Big Job: How to Get It
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Flourishing in Your Job and Well-Being in Your Life
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The Importance of Behavioral Economics
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What is Money?
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Analyzing Your Current Financial Situation
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Budgets and Saving
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Credit Cards, Auto Loans, and Other Personal Debt
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Student Loans
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Understanding the Time Value of Money
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Banks and Financial Institutions
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Buying a Home
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Insurance: What Do You Need?
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Investing Fundamentals
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Investing in Mutual Funds
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Saving for Retirement
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Fiscal Policy and Monetary Policy-Government Intervention in Your Life
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