Freddie Mac plans to sell at least $6 billion of reference notes this week as yields on past issues fall relative to benchmarks.
The debt includes two-year notes maturing Jan. 7, 2011, and five-year debt due Jan. 7, 2014, the government-sponsored enterprise said Monday. The sales will be "benchmark size," or at least $3 billion for a new issue.
Goldman Sachs Group Inc., Barclays PLC, and Citigroup Inc. were hired to manage the sales.
Last month Freddie sold $1 billion of reference debt in a reopening.
The difference between yields on Freddie's two-year notes and Treasuries of similar maturity has declined to 53 basis points since reaching a record 184 basis points Nov. 20, according to Bloomberg data.