Debate Politics Forums - View Single Post - Will Monday See a Fed-Driven Boost to the Stock Market?

donsutherland1 · 07-14-08, 10:21 AM

With respect to Freddie Mac's sale of $3 billion in short-term notes, CNBC reported:

In a key test of confidence, Freddie Mac's $3 billion bill sale Monday drew stronger demand than a similar sale July 7. Fannie Mae and Freddie Mac. Freddie Mac sold $2 billion of three-month bills at a 2.309 percent rate, compared with a 2.323 percent rate for a same size and maturity deal sold on July 7.

Freddie Mac also sold $1 billion of six-month bills at a 2.496 percent rate, compared with 2.489 for a $2 billion, six-month deal sold a week earlier.

Just after 10:20 am EDT, the Dow Jones Industrials was up almost 60 points (+0.6). Shares of Freddie Mac were up about 1.7% and shares of Fannie Mae were higher by about 4.7%.

07-14-08, 10:21 AM	#4 (permalink)
donsutherland1 Moderator Mod team member Join Date: Oct 2007 Last Online: Today 08:29 PM Location: New York Posts: 2,463 Thanks: 812 Thanked 1,566 Times in 874 Posts Lean: Centrist Gender: Awards:	Re: Will Monday See a Fed-Driven Boost to the Stock Market? With respect to Freddie Mac's sale of $3 billion in short-term notes, CNBC reported: In a key test of confidence, Freddie Mac's $3 billion bill sale Monday drew stronger demand than a similar sale July 7. Fannie Mae and Freddie Mac. Freddie Mac sold $2 billion of three-month bills at a 2.309 percent rate, compared with a 2.323 percent rate for a same size and maturity deal sold on July 7. Freddie Mac also sold $1 billion of six-month bills at a 2.496 percent rate, compared with 2.489 for a $2 billion, six-month deal sold a week earlier. Just after 10:20 am EDT, the Dow Jones Industrials was up almost 60 points (+0.6). Shares of Freddie Mac were up about 1.7% and shares of Fannie Mae were higher by about 4.7%.