(Reuters) - Fannie Mae FNMA.OB, the largest U.S. home funding source, said on Wednesday it sold $750 million of benchmark bills at higher interest rates compared with last week’s sale of similar maturities.
Fannie Mae said it sold $500 million of 1M bills due March 7, 2018 at a 1.273 percent stop-out rate, or lowest accepted rate, up from the 1.269 percent rate for $250 million of 1M bills sold on Jan. 31.
The company also sold $250 million of three-month bills due May 9, 2018 at a 1.490 percent rate, also up from the 1.423 percent rate for $250 million of three-month bills sold last week.
The 1M bills were priced at 99.901 with a money market yield of 1.274 percent. The three-month bills were priced at 99.623 with a money market yield of 1.496 percent.
Settlement is Feb. 7-8.