The Federal Home Loan Banks have priced a $3 billion, 3.625%, three-year global bond due Dec. 17, 2010.The issue (CUSIP: 3133XNHZ5) was priced at 99.806 to yield 3.693%, or 74 basis points higher than comparable Treasury notes. The settlement date is Dec. 7. Barclays, Deutsche Bank, and JP Morgan are the joint lead managers for the transaction.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry