February 6, 2013 / 3:20 PM / 5 years ago

Fannie Mae sells $3.0 bln bills at higher rates

Feb 6 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $3.0 billion of benchmark bills at higher interest rates compared with last week’s sale of similar maturities.

Fannie Mae said it sold $1.5 billion of three-month bills due May 8, 2013 at a 0.082 percent stop-out rate, or lowest accepted rate, up from the 0.078 percent rate for last week’s sale of $1.0 billion of three-month bills.

The company also sold $1.5 billion of six-month bills due Aug. 7, 2013 at a 0.114 percent rate, also up from the 0.112 percent rate for $1.0 billion six-month bills sold Jan. 30.

The three-month bills were priced at 99.979 with a money market yield of 0.082 percent. The six-month bills were priced at 99.942 with a money market yield of 0.114 percent.

Settlement is Feb. 6-7.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below