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Freddie shares rise after firm demand at bill sale

NEW YORK
Mon Aug 25, 2008 10:50am EDT

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The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. REUTERS/Larry Downing

NEW YORK (Reuters) - Shares of Freddie Mac (FRE.N) were up 5 percent on Monday after solid demand for its $2 billion sale of 3-month and 6-month bills, easing some worries about its ability to raise cash.

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Freddie's stock was last up 15 cents, or 5.3 percent, at $2.96, erasing an earlier loss of 9 percent.

(Reporting by Richard Leong, Editing by Chizu Nomiyama)



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