Fannie Mae-No Politics (FNMA)

[Phisherman]

Agency Debt
Fannie Mae (FNM:$0.8025,$-0.0375,-4.46%) sold $3 billion of benchmark notes to yield 2.906% at a spread of 121 basis points over comparable Treasurys. Its previous debt sale was a $1 billion reopening of its 3.875% five-year note on Nov. 17, which sold to yield 3.590%.
There was "reasonable demand" for the deal, said Rajiv Setia, agency strategist at Barclays Capital in New York. The bulk of it, 54%, was bought by U.S. investors, followed by Asian investors, who purchased 24% of the notes.