Fannie Mae sells $3 bln bills at higher rates - News

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Fannie Mae sells $3 bln bills at higher rates

By: AFX | 04 Nov 2009 | 10:06 AM ET

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NEW YORK, Nov 4 (Reuters) - Fannie Mae, the largest U.S. home funding source, on Wednesday said it sold $3 billion of benchmark bills at higher interest rates than for the same maturities auctioned a week ago. Fannie Mae sold $2 billion of three-month bills due Feb. 3, 2010 at a stop-out rate, or lowest accepted rate, of 0.080 percent and $1 billion of six-month bills due May 5, 2010 at a 0.175 percent stop-out rate. On Oct. 28, Fannie Mae auctioned $1 billion of three-month bills at a 0.065 percent rate and $1 billion of six-month bills at a 0.170 percent rate. The new three-month bills were priced at 99.980 for a money market yield of 0.080 percent. The six-month bills were priced at 99.912 with a money market yield of 0.175 percent, according to Fannie Mae. Settlement is Nov. 4-5. (Reporting by Caryn Trokie; Editing by James Dalgleish) Keywords: FANNIEMAE BILLS/SALE (caryn.trokie@thomsonreuters.com; Tel: +1 646-223-6318; Reuters Messaging: caryn.trokie.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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