September 26, 2012 / 2:00 PM / 5 years ago

Fannie Mae sells $3 billion bills at mixed rates

Sept 26 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $3 billion of benchmark bills at mixed interest rates compared with last week's sale of similar maturities.

Fannie Mae said it sold $1.5 billion of three-month bills due Dec. 26, 2012 at a 0.125 percent stop-out rate, or lowest accepted rate, down from the 0.130 percent rate for last week's sale of $2 billion of three-month bills.

The company sold $1.5 billion of six-month bills due March 27, 2013 at a 0.154 percent rate, up from the 0.151 percent rate for $2 billion six-month bills sold Sept. 19.

The three-month bills were priced at 99.968 with a money market yield of 0.125 percent. The six-month bills were priced at 99.922 with a money market yield of 0.154 percent.

Settlement is Sept. 26-27.

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