Fannie Mae sells $1 bln bills at higher rates


Aug 30 (Reuters) – Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $1 billion of benchmark bills at higher interest rates compared with last week’s sale of similar maturities.

Fannie Mae said it sold $500 million of 2M bills due Oct. 25, 2017 at a 0.996 percent stop-out rate, or lowest accepted rate, up from the 0.990 percent rate for $250 million of 2M bills sold on Aug. 23.

The company also sold $500 million of three-month bills due Nov. 29, 2017 at a 1.014 percent rate, also up from the 1.000 percent rate for $250 million of three-month bills sold last week.

Settlement is Aug. 30-31.

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