Freddie Mac sold EURO5 billion of five-year bonds to the European market last week (see MBSL 11/27/00), fulfilling the second level of its long-term plan to sell EURO20 billion onto the Euro MTS trading platform each year.

The bonds priced at a yield of approximately 5.3%, sources said, or 32 basis points more than French government five-year notes and 40.2 basis points more than German five-year notes.

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