To meet investor demand and close out its yield curve, Freddie Mac last week issued a 30-year reference bond, marking the first time the company has issued this type of bond.

The $2 billion reference bond was priced Nov. 18 with a coupon of 6.75% and an issue price of 99.025 to yield 6.828%, or 69 basis points over the on-the-run Treasury bond. Settlement was Nov. 22, and maturity will be Sept. 15, 2029.

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