Fannie Mae sells $1 bln bills at higher rates

NEW YORK, Nov 24 (BestGrowthStock) – Fannie Mae (FNMA.OB: ), the
largest U.S. home funding source, said on Wednesday it sold $1
billion of benchmark bills at higher interest rates compared
with last week’s sale of similar maturities.

Fannie Mae sold $500 million of three-month bills, due Feb.
23, 2011, at a 0.160 percent stop-out rate, or lowest accepted
rate, up from a 0.145 percent rate for $500 million three-month
bills sold Nov. 17.

The agency also sold $500 million of six-month bills due
May 25, 2011, at a 0.205 percent stop-out rate, also up from
0.182 percent for last week’s sale of $500 million of six-month
bills.

The three-month bills were priced at 99.960 with a money
market yield of 0.160 percent. The six-month bills were priced
at 99.896 with a money market yield of 0.205 percent.
(Reporting by Caryn Trokie, Editing by Chizu Nomiyama)

Fannie Mae sells $1 bln bills at higher rates