Freddie Mac has priced $4 billion of 5.00% two-year Reference Notes due Jan. 16, 2009, and $3 billion of 5.00% 10-year Reference Notes due Feb. 16, 2017.The two-year issue (CUSIP: 3137EAAL3) was priced at 99.889 to yield 5.059%, 17.5 basis points more than two-year Treasury notes, the government-sponsored enterprise said. The 10-year issue (CUSIP: 3137EAAM1) was priced at 99.255 to yield 5.096%, 32.5 bps more than 10-year Treasury notes. The settlement date for both issues is Jan. 16. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and RBS Greenwich Capital led the transaction for the two-year security, and Banc of America Securities, J.P. Morgan Chase, and Morgan Stanley led for the 10-year issue. Freddie Mac can be found online at http://www.freddiemac.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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April 18