Fannie Mae-No Politics (FNMA)

[Phisherman]

Fannie Mae sells $2 bln bills at lower rates
10/29 09:52 AM
NEW YORK, Oct 29 (Reuters) - Fannie Mae (FNM:$0.930400,$0.140400,17.77%) <FNM.P> on Wednesday sold $2 billion in bills at lower interest rates compared with sales of the same maturities a week ago.
Fannie Mae (FNM:$0.930400,$0.140400,17.77%) said it sold $1 billion of three-month benchmark bills due Jan. 28, 2009 at a stop-out rate, or lowest accepted rate, of 2.190 percent and $1 billion of six-month bills due April 29, 2009 at a 2.800 percent stop-out rate.
The three-month bills were priced at 99.446 and have a money market yield of 2.202 percent, and the six-month bills were priced at 98.584 and have a money market yield of 2.840 percent, according to Fannie Mae (FNM:$0.930400,$0.140400,17.77%) .
On Oct. 22, Fannie Mae (FNM:$0.930400,$0.140400,17.77%) sold $1 billion of three-month bills at a 2.200 percent stop-out rate and $1 billion of six-month bills at a 2.930 percent stop-out rate.
Settlement for the new bills is Oct. 29-30. (Reporting by Caryn Trokie; Editing by James Dalgleish)