Freddie Mac has announced the auctioning of a $1 billion reopening of a 5.00% 10-year Reference Notes security due July 15, 2014.The stop yield was 4.594% for the issue (CUSIP: 3134A4UU6), which was priced at 103.155, or approximately 49 basis points more than 10-year U.S. Treasury notes. The bid-to-cover ratio was 2.893 to 1. Following the reopening, the issue size will be $4 billion. The settlement date is Oct. 15.
Freddie Auctions $1B RefNote Reopening
October 13, 2004, 2:00 p.m. EDT 1 Min Read
