Agency debt
（重定向自Agency bond）
Agency debt also known as an Agency bond is a security, usually a bond, issued by a U.S. government-sponsored agency or federal budget agency. The offerings of these agencies are backed but not guaranteed by the US government. Some prominent issuers of these securities are Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac). Agency debt is also called an agency security.