Oct 1 (Reuters) - Freddie Mac , the No. 2 U.S. home funding company, said on Monday it sold $2 billion of reference bills at mixed rates and higher demand compared with last week's sale of similar maturities.
Freddie Mac said it sold $1 billion of three-month bills due Dec. 31, 2012 at a 0.121 percent stop-out rate, down from the 0.129 percent rate for its $1 billion three-month bills sold Sept. 24.
The company also sold $1 billion of six-month bills due April 1, 2013 at a 0.151 percent rate, up from the 0.150 percent rate for $1 billion six-month bills sold a week ago.
Demand for the three-month bills was stronger, with the bid-to-cover ratio at 5.05 versus 4.95 for the three-month bills sold Sept. 24, and demand for the six-month bills was also higher, at 5.30 vs 4.92 for six-month bills sold a week ago.
A bid-to-cover ratio reflects the amount of bids compared with the amount offered. A higher ratio indicates stronger demand.
Settlement is Oct. 2.
(Reporting by Pam Niimi; 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