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Freddie Mac sells $4 billion in bills

Mon Jul 7, 2008 9:52am EDT

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NEW YORK, July 7 (Reuters) - Freddie Mac (FRE.N) said on Monday that it sold $2.0 billion of three-month reference bills due Oct. 6, 2008, at a stop-out rate, or lowest accepted rate, of 2.323 percent and $2.0 billion of six-month bills due Jan. 5, 2009 at a stop-out rate of 2.489 percent.

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The three-month bills were priced at 99.4193 and have a money market yield of 2.337 percent, according to Freddie Mac.

The six-month bills were priced at 98.7486 and have a money market yield of 2.521 percent.

Settlement is July 8. (Reporting by Caryn Trokie; Editing by Jonathan Oatis)

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