April 7, 2010 / 1:55 PM / 9 years ago

Fannie Mae sells $5 bln bills at mixed rates

NEW YORK, April 7 (Reuters) - Fannie Mae FNM.N FNM.P, the largest U.S. home funding source, on Wednesday said it sold $5 billion of benchmark bills at mixed interest rates compared with an auction of the same maturities a week ago.

Fannie Mae sold $2 billion of three-month bills due July 7, 2010, at a stop-out rate, or lowest accepted rate, of 0.175 percent, and $3 billion of six-month bills due Oct. 6, 2010, at a 0.294 percent stop-out rate.

On March 31, Fannie Mae auctioned $2 billion of three-month bills at a 0.165 percent rate and $3 billion of six-month bills at a 0.294 percent rate.

The new three-month bills were priced at 99.956 with a money market yield of 0.175 percent. The six-month bills were priced at 99.851 with a money market yield of 0.294 percent, according to Fannie Mae.

Settlement for the new bills is April 7-8. (Reporting by Caryn Trokie; Editing by James Dalgleish)

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