Fannie Mae sells $500 mln in bills at higher rates
Oct 30 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $500 million of benchmark bills at higher interest rates compared with last week's sale of similar maturities.
Fannie Mae said it sold $250 million of three-month bills due Jan. 29, 2014 at a 0.049 percent stop-out rate, or lowest accepted rate, up from the 0.040 percent rate for $250 million of three-month bills sold Oct. 23.
The company sold $250 million of six-month bills due April 30, 2014 at a 0.095 percent rate, up from the 0.085 percent rate for $250 million of six-month bills sold a week ago.
The three-month bills were priced at 99.988 with a money market yield of 0.049 percent. The six-month bills were priced at 99.952 with a money market yield of 0.095 percent.
Settlement is Oct. 30-31.
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