Reuters: Financial Services and Real Estate: Freddie Mac sells $2 bln bills at mixed rates

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Freddie Mac sells $2 bln bills at mixed rates May 7th 2012, 14:04 Mon May 7, 2012 10:04am EDT May 7 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company said on Monday it sold $2.0 billion of reference bills at mixed rates and stronger demand compared with last week's sale of similar maturities. Freddie Mac said it sold $1.0 billion of three-month bills due Aug. 6, 2012 at a 0.119 percent stop-out rate, up from 0.117 percent rate for $1.5 billion three-month bills sold April 30. The company also sold $1.0 billion of six-month bills due Nov. 5, 2012 at a 0.154 percent rate, down slightly from a 0.155 percent rate for its $1.0 billion bills sold a week earlier. Demand for the three-month bills was higher at 5.17 versus 4.33 and demand for the six-month bills was also higher at 4.62 versus 4.58 for its bills auctioned last week. A bid-to-cover ratio reflects the amount of bids compared with the amount offered. A higher ratio indicates stronger demand. Settlement is May 8.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions