governmental bonds
governmental securities

Governments lacking sound financial policies would be forced to rely on traditional (national) governmental bonds with less favorable market rates.

Credit rating agencies immediately downgraded Greek governmental bonds to an even lower junk status.

Private investors accepted a slightly bigger haircut of 53.5% of the face value of Greek governmental bonds, the equivalent to an overall loss of around 75%.

The first requirement was to finalize an agreement whereby all private holders of governmental bonds would accept a 50% haircut with yields reduced to 3.5%, thus facilitating a €100bn debt reduction for Greece.

Part of that deal was a PSI agreement, whereby private investors were asked to accept to write off 53.5% of the face value of Greek governmental bonds they're holding, the equivalent to an overall loss of around 75%.

As part of that plan, it was proposed that all owners of Greek governmental bonds should "voluntarily" accept a 50% haircut of their bonds (resulting in a debt reduction worth €100bn), and moreover accept interest rates being reduced to only 3.5%.

The most important task of this interim government was to finalize the "haircut deal" for Greek governmental bonds and pass a new austerity package, to comply with the Troika requirements for receiving the second bailout loan worth €130bn (enhanced from the previously offered amount at €109bn).

Railroad retirement funds are invested in non-governmental assets, as well as in governmental securities.

The foreign reserves on June 30, 2011 contained USD $79 million of U.S governmental securities.

In the last paragraph of both 18 U.S.C. 2314 and 2315, there is a "proviso" clause which exempts certain governmental securities from the scope of the sections.