Fannie Mae sells $2 bln bills at lower rates
July 3 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $2.0 billion of benchmark bills at lower interest rates compared with last week's sale of similar maturities.
Fannie Mae said it sold $1.0 billion of three-month bills due Oct. 2, 2013 at a 0.078 percent stop-out rate, or lowest accepted rate, down from the 0.100 percent rate for $1.0 billion of three-month bills sold June 26.
The company also sold $1.0 billion of six-month bills due Jan. 2, 2014 at a 0.120 percent rate, also down from the 0.143 percent rate for $1.0 billion of six-month bills sold last week.
The three-month bills were priced at 99.980 with a money market yield of 0.078 percent. The six-month bills were priced at 99.939 with a money market yield of 0.120 percent.
Settlement is July 3.
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