Fannie Mae , the largest U.S. home funding source, it sold $2.0 billion in bills at lower interest rates than those seen in sales of the same maturities a week ago.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.
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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, according to Fannie Mae.Settlement is Aug. 19-20.On Aug. 12, Fannie Mae sold $1.5 billion of three-month bills at a 0.170 percent stop-out rate and $1.5 billion of six-month bills at a rate of 0.282 percent.
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