General Obligation Bond
The gold standard of bonds, these are issued directly by state or local governments or their agencies to meet essential government functions (e.g. infrastructure funding). These bonds are backed by the full faith and taxing power of the issuing government and, as such, are considered the bonds least likely to be subject to a default. A government’s credit rating usually refers to its GO bond rating.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
LATEST FINANCE HEADLINES
The Week in Public Finance: Bankruptcy Scares, Superdowngrades and Shopping in Pennsylvania1 day ago
Illinois Governor Makes Cuts to Health Care for State's Poor1 day ago
What If Americans Invested Stock in Distressed Cities?2 days ago
Feds Warn 2 More States to Expand Medicaid or Risk Hospital Funds3 days ago
Kansas' Revenue Projections Sink Again After Deep Tax Cuts3 days ago
Bloomberg Announces New Initiative to Help Cities Use Data4 days ago