Fannie Mae sells $3.0 bln bills at higher rates

Wed Feb 13, 2013 10:07am EST

Feb 13 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $3.0 billion of benchmark bills at higher interest rates compared with last week's sale of similar maturities.

Fannie Mae said it sold $1.5 billion of three-month bills due May 15, 2013 at a 0.105 percent stop-out rate, or lowest accepted rate, up from the 0.082 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 Aug. 14, 2013 at a 0.130 percent rate, also up from the 0.114 percent rate for $1.5 billion six-month bills sold Feb. 6.

The three-month bills were priced at 99.973 with a money market yield of 0.105 percent. The six-month bills were priced at 99.934 with a money market yield of 0.130 percent.

Settlement is Feb. 13-14.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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