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State and local government series (SLUGs) |
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State and local government series (SLUGs)Special nonmarketable certificates, notes, and bonds offered to state and local governments as a means to invest proceeds from their own tax-exempt financing. Interest rates and maturities comply with IRS arbitrage provisions. Slugs are offered in both time deposit and demand deposit forms. Time deposit certificates have maturities of up to one year. Notes mature in one to ten years and bonds mature in more than ten years. Demand deposit securities are one-day certificates rolled over with a rate adjustment daily.State and local government series (SLUGs) Similar MatchesLehman Brothers Government Bond IndexLehman Brothers Government Bond IndexA benchmark index made up of the Treasury Bond Index and the Agency Bond Index as well as the 1-3 Year Government Index and the 20+ Year Treasury Index. Non-governmental organizationNon-governmental organizationA not-for-profit organization that pursues an issue or issues of interest to its members by lobbying, persuasion, and/or direct action. In the arena of international economics, NGOs play an increasing role defending human rights and the environment, and fighting poverty. British government stockBritish government stockSee 'gilt-edged stock' (gilts). United States government securitiesUnited States government securitiesDebt issues of the U.S. government, as distinguished from government-sponsored agency issues. Government obligationsGovernment obligationsU.S. government-backed debt instruments, which are considered among the safest investments possible, including Treasury bonds, bills, and notes, and savings bonds. Further SuggestionsGnma (government National Mortgage Association) OptionsFT Government Securities Government procurement practice Governments Government procurement Lehman Brothers Government or Corporate Bond Index Government sponsored enterprises Government National Mortgage Association Government insured mortgage Government National Mortgage Association (Ginnie Mae) Salomon Brothers Non US Dollar World Government Bond Index Government securities Government bond |
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