Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $3.0 billion in bills at lower interest rates, compared with sale of the same maturities than a week ago.
Fannie Mae sold $1.5 billion of three-month benchmark bills due Nov. 12, 2009 at a stop-out rate, or lowest accepted rate, of 0.170 percent, and $1.5 billion of six-month bills due Feb. 10, 2010 at a 0.282 percent stop-out rate.
The three-month bills were priced at 99.957 with a money market yield of 0.170 percent, while the six-month bills were priced at 99.857 and have a money market yield of 0.282 percent, according to Fannie Mae.
Settlement is Aug. 12-13.
On Aug. 5, Fannie Mae sold $1 billion of three-month bills at a 0.179 percent stop-out rate and $1.0 billion of six-month bills at a rate of 0.284 percent.
(Reporting by Caryn Trokie; editing by Jeffrey Benkoe)