August 7, 2013 / 2:01 PM / 4 years ago

Fannie Mae sells $2.0 bln bills at higher rates

Aug 7 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $2.0 billion of benchmark bills at higher interest rates compared with last week's sale of similar maturities.

Fannie Mae said it sold $1.0 billion of three-month bills due Nov. 6, 2013 at a 0.062 percent stop-out rate, or lowest accepted rate, up from the 0.050 percent rate for $1.0 billion of three-month bills sold on July 31.

The company also sold $1.0 billion of six-month bills due Feb. 5, 2014 at a 0.095 percent rate, also up from the 0.087 percent rate for $1.0 billion of six-month bills sold last week.

The three-month bills were priced at 99.984 with a money market yield of 0.062 percent. The six-month bills were priced at 99.952 with a money market yield of 0.095 percent.

Settlement is Aug. 7-8.

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