Feb 11 Freddie Mac, the No. 2 U.S.
home funding company, on Monday said it sold $3 billion of
reference bills at higher rates and weaker demand compared with
last week's sale of similar maturities.
Freddie Mac sold $1.5 billion of three-month bills, due May
13, 2013, at a 0.090 percent rate, up from the 0.084 percent
rate for its sale of $1 billion three-month bills sold Feb. 4.
The company sold $1.5 billion of six-month bills, due Aug.
12, 2013, at a 0.125 percent rate, up from a 0.116 percent rate
for $1 billion six-month bills sold last week.
Demand for the three-month bills was lower with a
bid-to-cover ratio of 4.85, down from the 5.34 ratio for the
three-month bills sold Jan. 28.
Demand for the six-month bills was also lower at 4.53
compared with 5.27 for six-month bills sold a week ago.
A bid-to-cover ratio reflects the amount of bids compared
with the amount offered. A higher ratio indicates stronger
Settlement is Feb. 12.