Oct 9 (Reuters) - Freddie Mac , the No. 2 U.S. home fundingcompany, said on Tuesday it sold $2 billion of reference bills at mixed ratesand mixed demand compared with last week's sale of similar maturities.
Freddie Mac said it sold $1 billion of three-month bills due Jan. 7, 2013 ata 0.119 percent stop-out rate, down from the 0.121 percent rate for its $1billion three-month bills sold Oct. 1.
The company also sold $1 billion of six-month bills due April 8, 2013 at a0.154 percent rate, up from the 0.151 percent rate for $1 billion six-monthbills sold a week ago.
Demand for the three-month bills was stronger, with the bid-to-cover ratioat 5.12 versus 5.05 for the three-month bills sold Oct. 1. Demand for thesix-month bills was weaker, at 5.11 vs 5.30 for the six-month bills sold a weekago.
A bid-to-cover ratio reflects the amount of bids compared with the amountoffered. A higher ratio indicates stronger demand.
Settlement is Oct. 10.
(New York Ratings Team; Editing by James Dalgleish)
((e-mail: pam.niimi@thomsonreuters.com)(Reuters Messaging:pam.niimi.reuters.com@reuters.net)(Tel:1-646-223-6330))
Keywords: FREDDIEMAC BILLS/SALE