Fannie Mae sells $5 bln bills at lower rates

NEW YORK, April 14 (BestGrowthStock) – Fannie Mae (FNM.N: ) (FNM.P: ),
the largest U.S. home funding source, on Wednesday said it sold
$5 billion of benchmark bills at lower interest rates compared
with rates in last week’s auction of the same maturities.

Fannie Mae said it sold $2 billion of three-month bills due
July 14, 2010, at a stop-out rate, or lowest accepted rate, of
0.168 percent compared with a 0.175 percent rate for $2 billion
bills sold on April 7.

The agency also sold $3 billion of six-month bills due Oct.
13, 2010, at a 0.278 percent stop-out rate compared with a
0.294 percent rate for $3 billion six-month bills sold last
week.

The three-month bills were priced at 99.958 with a money
market yield of 0.168 percent, and the six-month bills were
priced at 99.859 with a money market yield of 0.278 percent,
according to Fannie Mae.

Settlement is April 14-15.

Stock Market Analysis
(Reporting by Pam Niimi; Editing by Theodore d’Afflisio)

Fannie Mae sells $5 bln bills at lower rates