NEW YORK Aug 31 Fannie Mae FNMA.OB, the
largest U.S. home funding source, on Wednesday said it sold $2
billion of benchmark bills at lower interest rates compared
with last week's sales of similar maturities.
Fannie Mae said it sold $1 billion of three-month bills,
due Nov. 30, 2011, at a 0.025 percent stop-out rate, or lowest
accepted rate, down from a 0.035 percent rate for last week's
sale of $1 billion three-month bills.
The agency also sold $1 billion of six-month bills due Feb.
29, 2012, at a 0.094 percent stop-out rate, also down from a
0.115 percent rate for $1 billion of six-month bills sold a
The three-month bills were priced at 99.994 with a money
market yield of 0.025 percent, and the six-month bills were
priced at 99.952 with a money market yield of 0.094 percent.
Settlement is Sept. 1-2.
(Reporting by Caryn Trokie; Editing by James Dalgleish)