Fannie Mae sells $3 bln bills at lower rates
NEW YORK, Nov 25 (Reuters) - Fannie Mae (FNM.N) (FNM.P), the largest U.S. home funding source, on Wednesday said it sold $3 billion of benchmark bills at lower interest rates compared with the same maturities auctioned a week ago.
Fannie Mae sold $2 billion of three-month bills due Feb. 24, 2010 at a stop-out rate, or lowest accepted rate, of 0.054 percent, and $1 billion of six-month bills due May 26, 2010 at a 0.145 percent stop-out rate.
On Nov. 18, Fannie Mae auctioned $1 billion of three-month bills at a 0.075 percent rate, and $1 billion of six-month bills at a 0.170 percent rate.
The new three-month bills were priced at 99.986 for a money market yield of 0.054 percent. The six-month bills were priced at 99.927 with a money market yield of 0.145 percent, according to Fannie Mae.
Settlement is Nov. 25, 27 and 30. (Reporting by Caryn Trokie; Editing by Theodore d'Afflisio) ((caryn.trokie@thomsonreuters.com ; + 1 646-223-6318; Reuters Messaging: caryn.trokie.reuters.com@reuters.net))
