Rochester, NY 9/1/2009 12:51:44 PM
Freddie Mac, FRE, Down by 0.11 cents During After-Market Trading
Freddie Mac
Freddie Mac said on Monday it sold $3 billion of bills at lower rates and mixed demand compared with the most recent sales of the same maturities.
Freddie Mac said it sold $1 billion of one-month bills due Sept. 28, 2009 at a stop-out rate 0.125 percent, down from a 0.140 percent rate for $1 billion of one-month bills sold on July 27.
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Last Trade: 2.29
Day's Range: 2.06 - 2.34
52wk Range: 0.25 - 5.52
Change: Up 0.17 (1.89%)
Volume: 123,705,767
Avg Vol (3m): 49,866,500
ABOUT Freddie Mac
Freddie Mac purchases residential mortgages and mortgage-related securities in the secondary mortgage market and securitizes them into mortgage-related securities that can be sold to investors. It operates in three segments: Investments, Single-family Guarantee, and Multifamily. The Investments segment invests primarily in mortgage-related securities and single-family mortgage loans; purchases mortgage loans and mortgage-related securities; and issues short- and long-term debt in the capital markets. The Single-Family Guarantee segment engages in the purchase of single-family mortgages in the primary mortgage market, primarily through its guarantor swap program; securitizes certain mortgages; issues mortgage-related securities that can be sold; and guarantees the payment of principal and interest on single-family mortgage-related securities.
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