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.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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