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Fannie Mae sells $2.0 bln bills at mixed rates
January 2, 2013 / 2:55 PM / 5 years ago

Fannie Mae sells $2.0 bln bills at mixed rates

Jan 2 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $2.0 billion of benchmark bills at mixed interest rates compared with last week’s sale of similar maturities. Fannie Mae said it sold $1.0 billion of three-month bills due April 3, 2013 at a 0.098 percent stop-out rate, or lowest accepted rate, up from the 0.095 percent rate for last week’s sale of $1.0 billion of three-month bills. The agency sold $1.0 billion of six-month bills due July 3, 2013 at a 0.140 percent rate, down from the 0.144 percent rate for $1.0 billion six-month bills sold Dec 26. The three-month bills were priced at 99.975 with a money market yield of 0.098 percent. The six-month bills were priced at 99.929 with a money market yield of 0.40 percent.

Settlement is Jan. 2-3.

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