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No GSE announcement on Wednesday: U.S. Treasury

WASHINGTON
Wed Aug 27, 2008 2:25pm EDT

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WASHINGTON (Reuters) - The U.S. Treasury on Wednesday shot down financial market rumors that an announcement regarding mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) was imminent.

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A Treasury spokeswoman, asked about the rumors, said there would be "no announcement today."

The S&P financial stocks had traded toward their session high around mid-day, with Fannie Mae (FNM.N) and Freddie Mac (FRE.N) showing the biggest gains.

(Reporting by Patrick Rucker, Editing by Chizu Nomiyama)
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