Freddie Mac sells $2.25 bln bills at mixed rates, mixed demand


Dec 9 (Reuters) - Freddie Mac, the No. 2 U.S. homefunding company, on Monday said it sold $2.25 billion ofreference bills at mixed interest rates and mixed demandcompared with the most recent sale of similar maturities andcomparable amounts.

Freddie Mac sold $250 million of one-month bills, dueJan. 6, 2014, at a 0.030 percent rate, up from the 0.010 percentrate for $250 million one-month bills sold Oct. 28.

Freddie Mac sold $1 billion of three-month bills, dueMarch 10, 2014, at a 0.090 percent rate, a repeat of the ratefor the $1 billion three-month bills sold Dec. 2.

The company sold $1 billion of six-month bills, dueJune 9, 2014, at a 0.130 percent rate, up from the 0.120 percent rate for $1 billion six-month bills sold a week ago.

Demand for the one-month bills was unchanged with abid-to-cover ratio of 6.50, a repeat of the ratio for theone-month bills auctioned Oct. 28.

Demand for the three-month bills was stronger, with abid-to-cover ratio of 4.31, up from the 4.07 ratio for thethree-month bills auctioned Dec. 2.

Demand for the six-month bills was weaker at 4.84, down fromratio of 5.03, for the six-month bills sold a week ago.

A bid-to-cover ratio reflects the amount of bids comparedwith the amount offered. A higher ratio indicates strongerdemand, while a lower ratio indicates weaker demand.

Settlement is Dec. 10.

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