Reuters logo
Freddie Mac sells $2.0 bln bills at higher rates
August 5, 2013 / 2:17 PM / in 4 years

Freddie Mac sells $2.0 bln bills at higher rates

Aug 5 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, on Monday said it sold $2.0 billion of reference bills at higher rates and mixed demand compared with the most recent sales of similar maturities and comparable amounts.

Freddie Mac sold $1.0 billion of three-month bills, due Nov. 4, 2013, at a 0.053 percent rate, up from the 0.040 percent rate for its sale of $1.0 billion three-month bills auctioned last week.

The company sold $1.0 billion of six-month bills, due Feb. 3, 2014, at a 0.090 percent rate, also up from the 0.084 percent rate for its July 1 sale of $1.0 billion six-month bills.

Demand for the three-month bills was lower, with a bid-to-cover ratio of 4.72, down from the 4.97 ratio for the three-month bills sold a week ago.

Demand for the six-month bills was higher at 4.85 compared with 3.45 for the six-month bills sold on July 1.

A bid-to-cover ratio reflects the amount of bids compared with the amount offered. A higher ratio indicates stronger demand, while a lower ratio indicates weaker demand.

Settlement is Aug. 6.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below