Fannie Mae sells $3 billion bills at mixed rates
(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)