Fannie Mae sells $2 billion bills at mixed rates
NEW YORK, Dec 30 - Fannie Mae (FNM.N) (FNM.P), the largest U.S. home funding source, on Wednesday said it sold $2 billion of benchmark bills at mixed interest rates compared with the same maturities auctioned a week ago.
Fannie Mae sold $1 billion of three-month bills due March 31, 2010, at a stop-out rate, or lowest accepted rate, of 0.090 percent, and $1 billion of six-month bills due June 30, 2010, at a 0.210 percent stop-out rate.
On Dec. 23, Fannie Mae auctioned $1.5 billion of three-month bills at a 0.110 percent rate, and $1.5 billion of six-month bills at a 0.210 percent rate.
The new three-month bills were priced at 99.977 with a money market yield of 0.090 percent. The six-month bills were priced at 99.894 with a money market yield of 0.210 percent, according to Fannie Mae.
Settlement is Dec. 30-31.
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