NEW YORK Oct 6 Fannie Mae FNMA.OB, the
largest U.S. home funding source, on Wednesday said it sold $1
billion of benchmark bills at lower interest rates compared
with last week's sale of similar maturities.
Fannie Mae said it sold $500 million of three-month bills,
due Jan. 5, 2011, at a 0.140 percent stop-out rate, or lowest
accepted rate, down from a 0.164 percent rate for $500 million
three-month bills sold Sept. 29.
The agency also sold $500 million of six-month bills due
April 6, 2011, at a 0.190 percent stop-out rate, also down from
a 0.204 percent rate for its $500 million six-month bills sold
a week ago.
The three-month bills were priced at 99.965 with a money
market yield of 0.140 percent, and the six-month bills were
priced at 99.904 with a money market yield of 0.190 percent.
Settlement is Oc. 6-7.
(Reporting by Pam Niimi; Editing by Theodore d'Afflisio)