Freddie Mac has priced $5 billion of 4.5% 10-year Reference Notes due Jan. 15, 2014, and $5 billion of 2.375% three-year Reference Notes due Feb. 15, 2007.The 10-year issue (CUSIP: 3134A4UM4) was priced at 99.849 to yield 4.519%, 49.5 basis points more than 10-year Treasury notes, the government-sponsored enterprise said. The three-year issue (CUSIP: 3134A4UN2) was priced at 99.707 to yield 2.474%, 42 bps more than three-year Treasury notes. Credit Suisse First Boston, Merrill Lynch, and Morgan Stanley led the transaction for the 10-year security, and Lehman Brothers, Merrill Lynch, and UBS Investment Bank led for the three-year issue.

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