Freddie Mac has announced the auctioning of a $1 billion reopening of a 5.125% three-year Reference Notes security due Aug. 23, 2010.The stop yield was 4.979% for the issue (CUSIP: 3137EAAX7), which was priced at 100.396585, or approximately 50.8 basis points more than three-year U.S. Treasury notes. The bid-to-cover ratio was 2.915 to 1. Following the reopening, the issue size will be $4 billion. The settlement date is Aug. 13.

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