Agency Bond A bond issued by a government agency. These bonds are not fully guaranteed in the same way as U.S. Treasury and municipal bonds. Investopedia Says: These bonds do not include those issued by the U.S. Treasury or municipalities. They include such agencies as Fannie Mae, Freddie Mac, Sallie Mae and the Federal Home Loan Banks. Related Terms: Agency Debentures Credit Loss Ratio Dwarf Fannie Mae - Federal National Mortgage Association - FNMA Freddie Mac - Federal Home Loan Mortgage Corp - FHLMC Ginnie Mae - Government National Mortgage Association - GNMA Municipal Bond Sallie Mae - Student Loan Marketing Association U.S. Treasury |