• Most Popular
  • Most Shared

Freddie Mac to sell $2 bln in bills on Monday

Fri Nov 6, 2009 10:29am EST

Stocks

   

NEW YORK, Nov 6 (Reuters) - Freddie Mac (FRE.N) said Friday it plans to sell $2.0 billion of reference bills on Monday.

Stocks  |  Bonds

The scheduled offerings are:

-- $1.0 billion of three-month bills due Feb. 8, 2010 to be sold Monday and settle Tuesday; and

-- $1.0 billion of six-month bills due May 10, 2010 to be sold Monday and settle Tuesday.

The bills will be sold over the Internet in a Dutch auction. In such uniform price auctions, successful bidders pay only the price of the lowest accepted bid rather than the actual price as in a conventional multiple-price auction.

Bids will be accepted from authorized dealers from 8:00 a.m. (1300 GMT) until 9:45 a.m. (Reporting by Caryn Trokie; Editing by James Dalgleish)

Stocks
Bonds


More from Reuters

European Union mulls emergency bank wind-up fund

BRUSSELS (Reuters) - The European Union is considering making banks pay for an emergency wind-up fund in case one of them goes bust, in an effort to prevent another spiral like the one that followed the Lehman Brothers collapse.

» More Top News
President Barack Obama speaks about healthcare reform, as medical professionals look on, in the East Room of the White House in Washington March 3, 2010. REUTERS/Kevin Lamarque

The final push ...

President Obama is making a last-ditch push for healthcare reform, with the success of his presidency riding on the outcome.  Full Article 

Healthcare Reform
A campsite at a homeless tent city in Sacramento California March 15, 2009. REUTERS/ Max Whittaker
John Kemp:

Be careful what you wish for

The yuan debate is exposing dangerous illiteracy among policymakers: Despite the jobs boost for Americans, it would also cut our living standards. How?  Commentary 

Currencies