Reuters logo
Freddie Mac sells $2 bln bills at mixed rates
July 16, 2012 / 2:03 PM / 5 years ago

Freddie Mac sells $2 bln bills at mixed rates

July 16 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, said on Monday it sold $2.0 billion bills at mixed rates and weaker demand compared with the most recent sales of similar maturities.

Freddie Mac said it sold $1.0 billion of three-month bills due Oct. 15, 2012 at a 0.128 percent stop-out rate, up from a 0.124 percent rate for its $1.0 billion three-month bills sold July 9.

The company sold $1.0 billion of six-month bills due Jan. 14, 2013 at a 0.168 percent rate, down from a 0.175 percent rate for its sale of $1.0 billion bills a week ago.

Demand for the three-month bills was lower with the bid-to-cover ratio of 4.30 versus 4.40 for bills sold July 9, and demand for the six-month bills was also lower at 4.33 compared with 4.35 for the July 9 sale.

A bid-to-cover ratio reflects the amount of bids compared with the amount offered. A lower ratio indicates weaker demand.

Settlement is July 17.

Our Standards:The Thomson Reuters Trust Principles.
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