When federal, state, and local governments issue securities, what key roles do they play in financial markets,
When federal, state, and local governments issue securities, what key roles do they play in financial markets, particularly in the bond and mortgage markets, and how do they affect you? Describe these financial markets in which goverments participate and how they function. What securities have federal, state, and local governments recently issued? 600 words with references.
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The State and Local Government Series (SLGS) securities is a program that was established in 1972 by the federal government. Securities are provided inform of bonds, Notes and Indebtedness (Kumhof et al, 2005). They mature in a period of 15 to 40 days. Bonds are the largest securities in financial markets and they provide a wide range of investing options. They provide the local and federal governments and private investors with funds for development. In order to hire people or invest in infrastructure, capital is required and bonds are used to raise the funds needed (Kumhof et al, 2005)…………………
APA
694 words
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