Fannie Mae sells $2 bln bills at lower rates

NEW YORK, Oct 27 (BestGrowthStock) – Fannie Mae (FNMA.OB: ), the
largest U.S. home funding source, said on Wednesday it sold $2
billion of benchmark bills at lower interest rates compared
with last week’s sale of similar maturities.

Fannie Mae sold $1 billion of three-month bills, due Jan.
26, 2011, at a 0.162 percent stop-out rate, or lowest accepted
rate, down from a 0.169 percent rate for $1 billion three-month
bills sold Oct. 20.

The agency also sold $1 billion of six-month bills due
April 27, 2011, at a 0.190 percent stop-out rate, down from
0.200 percent for last week’s sale of $1 billion of six-month
bills.

The three-month bills were priced at 99.959, with a money
market yield of 0.162 percent. The six-month bills were priced
at 99.904 with a money market yield of 0.190 percent.

Settlement is Oct. 27-28.
(Reporting by Caryn Trokie; Editing by James Dalgleish)

Fannie Mae sells $2 bln bills at lower rates