NEW YORK Nov 9 Freddie Mac FRE.P FRE.N on
Monday said it sold $2.0 billion of bills at higher rates than
the most recent sales of the same maturities and sizes, while
demand was weaker.
Freddie Mac said it sold $1.0 billion of three-month bills
due Feb. 8, 2010 at a 0.080 percent rate, up from 0.066 percent
for its $1.0 billion bills auctioned on Nov. 2.
It also sold $1.0 billion of six-month bills May 10, 2010
at a 0.178 percent rate, slightly higher from 0.170 percent for
its $1.0 billion of six-month bills sold a week ago.
Demand for the three-month bills was weaker than last week,
with a bid-to-cover ratio of 4.12 compared with 4.53 on Nov. 2,
while demand was also weaker for the six-month bills at 3.90
versus 4.20 last week.
A bid-to-cover ratio reflects the amount of bids compared
with the amount offered. A lower ratio indicates weaker
Settlement for all bills is Nov. 10.
(Reporting by Caryn Trokie; Editing by James Dalgleish)