Fannie Mae sells $500 million bills at higher rates
Reuters
Published Jul 22, 2015 09:52AM ET
Fannie Mae sells $500 million bills at higher rates
July 22 (Reuters) - Fannie Mae (OB:FNMA), the largest U.S. home funding source, said on Wednesday it sold $500 million of benchmark bills at higher interest rates compared with last week's sale of similar maturities.
Fannie Mae said it sold $250 million of three-month bills due Oct. 21, 2015 at a 0.050 percent stop-out rate, or lowest accepted rate, up from the 0.048 percent rate for $250 million of three-month bills sold on July 15.
The company also sold $250 million of six-month bills due Jan. 20, 2016 at a 0.155 percent rate, also up from the 0.145 percent rate for $250 million of six-month bills sold last week.
The three-month bills were priced at 99.987 with a money market yield of 0.050 percent. The six-month bills were priced at 99.922 with a money market yield of 0.155 percent.
Settlement is July 22-23.
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Written By: Reuters
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