Fannie Mae sells $3.0 bln bills at higher rates

Wed Feb 27, 2013 10:03am EST

Feb 27 (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 29, 2013 at a 0.135 percent stop-out rate, or lowest accepted rate, up from the 0.130 percent rate for last week's sale of $1.5 billion of three-month bills.

The agency also sold $1.5 billion of six-month bills due Aug. 28, 2013 at a 0.150 percent rate, also up from the 0.147 percent rate for $1.5 billion six-month bills sold Feb. 20.

The three-month bills were priced at 99.966 with a money market yield of 0.135 percent. The six-month bills were priced at 99.924 with a money market yield of 0.150 percent.

Settlement is Feb. 27-28.