Fannie Mae (FNM.N)(FNM.P), the largest U.S. home funding source, said on Wednesday it sold $2.0 billion in bills at lower interest rates than those seen in sales of the same maturities a week ago.
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Fannie Mae sold $1.0 billion of three-month benchmark bills due Nov. 18, 2009 at a stop-out rate, or lowest accepted rate, of 0.167 percent, and $1.0 billion of six-month bills due Feb. 17, 2010 at a 0.260 percent stop-out rate.
The three-month bills were priced at 99.958 with a money market yield of 0.167 percent, while the six-month bills were priced at 99.869 and have a money market yield of 0.260 percent,
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