Government debt agencies

To ensure the good performance of the bond auctions and a constant pricing of their bonds, the Government Debt Agencies constitute a group of primary dealers for their bond markets. In general terms these institutions (normally investment banks) will have to bid in the auctions... 

Collateralized mortgage obligations, which were described earlier, account for a large segment of the U.S. debt capital market. The majority of CMOs are issued by government-sponsored agencies. They thus have Treasury... 

External debt is more risky than internal debt. If needed, sovereign governments can generally raise taxes or print money to service their internal debt. A shortage of external currencies can be more dramatic. This can be seen in the credit ratings delivered by agencies. 

Bureau of Public Debt The agency that presides over the sale of government securities such as Treasury securities and U.S. savings bonds. 

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