Investments

Freddie Mac sells $2 billion in reference bills

According to Reuters, Freddie Mac said it sold $2 billion in reference bills at higher rates and weaker demand when compared to last week’s sale of similar maturities at comparable amounts.

Freddie Mac also sold $1 billion of three-month bills, due Dec. 30, 2013, at a 0.035 percent rate, up from the 0.025 percent rate for $1 billion three-month bills sold Sept. 23.

The company sold $1 billion of six-month bills, due March 31, 2014, at a 0.070 percent rate, up from the 0.064 percent rate for $1 billion six-month bills auctioned a week ago.

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