Out of the N6.48trillion invested by the PFAs, N4.43trillion was invested in Federal Government Bonds; N1.93trillion in Treasury Bills; N11billion in Agency Bonds
(NMRC and FMBN); N86billion in Sukuk Bonds; N12billion in Green Bonds and N129billion in state government securities.
Private accounts were also big buyers of equities ($22.9 B) and agency bonds
($25.5 B) in June.
The banks were accused of colluding to manipulate prices of US dollar-denominated supranational, sub-sovereign and agency bonds
MEMBER CREDIT QUALITY: The rating on the Sam Rayburn Municipal Power Agency bonds
is driven largely by the credit quality of the members, together with the step-up provisions that mitigate the risk of a payment default, given the limited operating risk of the agency and its contracted energy supply.
Over time, Quandl and ICE Data Services intend to expand this offering to include data on agency bonds
, corporate bonds, mortgage-backed securities, equities, mutual funds, options and more.
29 Federally sponsored agency bonds
, gross sales by
Government bonds led the inflows in fixed income ($8.5 billion) followed by deposits into aggregate ETFs ($3.2 billion) -- the category includes Treasuries, government agency bonds
, mortgage-backed bonds and investment grade corporate bonds -- and municipal bond ETFs ($741 million).
Treasury bonds, a combination of Treasuries and agency bonds
, only corporate notes, or only municipal debt.
Steve Beshear says the state should authorize $145.5 million in agency bonds
to pay for a host of expansion projects at Kentucky's community and technical colleges.
Thus, it yields a better rate of return than what local banks or government agency bonds
offer, Price says.
Even though they offer some upside potential, TIPS are still Treasury credits, and most credit unions investing in five-year bullets will prefer the yield enhancement available from insured CDs, agency bonds
or even taxable municipal bonds.