Fannie Mae sells $3 bln bills at lower rates
Nov 21 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $3 billion of benchmark bills at lower interest rates compared with last week's sale of similar maturities.
Fannie Mae said it sold $1.5 billion of three-month bills due Feb. 20, 2013 at a 0.125 percent stop-out rate, or lowest accepted rate, down from the 0.131 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 May 22, 2013 at a 0.160 percent rate, also down from the 0.170 percent rate for $1.5 billion six-month bills sold Nov. 14.
The three-month bills were priced at 99.968 with a money market yield of 0.125 percent. The six-month bills were priced at 99.919 with a money market yield of 0.160 percent.
Settlement is Nov. 21-22.