Fannie Mae sells $1.0 bln bills at mixed rates

Wed Dec 4, 2013 9:53am EST

Dec 4 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $1.0 billion of benchmark bills at mixed interest rates compared with last week's sale of similar maturities.

Fannie Mae said it sold $500 million of three-month bills due March 5, 2014 at a 0.080 percent stop-out rate, or lowest accepted rate, down from the 0.091 percent rate for $500 million of three-month bills sold Nov. 27.

The company sold $500 million of six-month bills due June 4, 2014 at a 0.120 percent rate, unchanged from the 0.120 percent rate for $500 million of six-month bills sold a week ago.

The three-month bills were priced at 99.980 with a money market yield of 0.080 percent. The six-month bills were priced at 99.939 with a money market yield of 0.120 percent.

Settlement is Dec. 3-4.

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