quasi government bonds

Agency or quasi government bonds are issued by entities created by national governments for specific purposes such as financing small businesses or providing mortgage financing. In the United States, bonds are issued by government-sponsored enterprises (GSEs), such as the Federal National Mortgage Association and the Tennessee Valley Authority.

Some quasi government bonds are backed by the national government, which gives them high credit quality. Even those not backed by the national government typically have high credit quality although their yields are marginally higher than those of sovereign bonds.