In this article you will find information about debt consolidation help, debt management, Debt management canada

Debt consolidation help

Government-backed debt securities While the sovereign bonds are typically the core of the fixed-income market, often sover- eign-backed or sponsored agency debt securities are also a major source of the bond market liquidity. In the case of the U.S., Fannie Mae and Freddie Mac are a case in point. This market segment of mortgage-backed securities (MBS) historically far exceeded the U.S. Treasuries prior to 2011 (Table 8). Such debt securities can be vast and often serve as an important asset class for foreign investors including the central banks and sovereign funds. Such securities have been a major source of market liquidity for the US dollar and indeed a core pillar of the U.S. financial system in light of their scale and depth.

Debt management

While China’s asset-backed securities have been lagging so far, their growth is set to accelerate in the years ahead, as discussed earlier. However, this market segment is un- likely to be sizable enough to become a major fixed-income asset over the next decade. In- stead, other government-sponsored agency debt securities figure more prominently in China’s case.

Debt management canada

One such asset class consists of the bonds issued by the three main Chinese policy banks: China Development Bank (CDB), Export-Import Bank of China and Agricultural Development Bank of China. These policy bank bonds have the full sovereign backing and have expanded 5 times over the past decade. Similar to the U.S. agency bonds, these Chinese policy bank bonds outstanding collectively rival and even exceed the sover- eign CGB market. Of the three policy banks, the CDB is the biggest issuer and of special interest to us.