Fannie Mae sells $3 billion bills at mixed rates

Wed Sep 5, 2012 11:15am EDT

A view shows the Fannie Mae logo at its headquarters in Washington March 30, 2012. REUTERS/Jonathan Ernst

A view shows the Fannie Mae logo at its headquarters in Washington March 30, 2012.

Credit: Reuters/Jonathan Ernst

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(Reuters) - Fannie Mae (FNMA.OB), the largest U.S. home funding source, said on Wednesday it sold $3 billion of benchmark bills at mixed interest rates compared with last week's sale of similar maturities.

Fannie Mae said it sold $1.5 billion of three-month bills due December 5, 2012 at a 0.127 percent stop-out rate, or lowest accepted rate, up from the 0.122 percent rate for last week's sale of $1.5 billion of three-month bills.

The company also sold $1.5 billion of six-month bills due March 6, 2013 at a 0.153 percent rate, down from the 0.155 percent rate for its $1.5 billion of six-month bills sold Aug 29.

The three-month bills were priced at 99.968 with a money market yield of 0.127 percent. The six-month bills were priced at 99.923 with a money market yield of 0.153 percent.

Settlement is September 5-6.

(Reporting by Pam Niimi; Editing by James Dalgleish)