A Ginnie Mae bond has the same features as a coupon Treasury bond.

Name: A Ginnie Mae bond has the same features as a coupon Treasury bond.
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Ginnie Mae bonds are backed by the full faith and credit of the U.S. government, similar to Treasury bonds, but they represent ownership in pools of federally insured mortgages, not debt issued directly by the U.S. Treasury. This means their payments are based on the performance of mortgage loans, unlike the fixed interest payments of coupon Treasury bonds.

A Ginnie Mae Bond Has the Same Features as a Coupon