Explanation : A sovereign bond is a bond issued by a national government, such as the
U.S. government. A bond issued by a local government, such as the State
of Minnesota, is a non-sovereign bond. A bond issued by the IMF is a
Explanation : The primary difference between a money market security and a capital
market security is the maturity at issuance. Money market securities
mature in one year or less, whereas capital market securities mature in
more than one year.