Fannie Mae sells $2 bln bills, rates rise slightly

NEW YORK, July 29 (Reuters) - Fannie Mae FNM.P, the largest U.S. home funding source, said on Wednesday it sold $1.0 billion of three-month benchmark bills due Oct. 28, 2009 at a stop-out rate, or lowest accepted rate, of 0.180 percent and $1.0 billion of six-month bills due Jan. 27, 2010 at a 0.290 percent stop-out rate.

The three-month bills were priced at 99.954 with a money market yield of 0.180 percent, while the six-month bills were priced at 99.853 and have a money market yield of 0.290 percent, according to Fannie Mae.

Settlement date is July 29-30.

On July 22, Fannie Mae sold $500 million of three-month bills at a 0.179 percent stop-out rate and $500 million of six-month bills at a rate of 0.279 percent. (Reporting by Caryn Trokie; Editing by James Dalgleish)