Fannie Mae-No Politics (FNMA)

[Phisherman]

Fannie Mae sells $2 billion bills at lower rates
12/10 10:05 AM
NEW YORK, Dec 10 (Reuters) - Fannie Mae (FNM:$0.7156,$-0.0744,-9.42%) <FNM.P> said on Wednesday it sold $2 billion in bills at sharply lower interest rates compared with sales of the same maturities and size a week ago.
Fannie Mae (FNM:$0.7156,$-0.0744,-9.42%) said it sold $1 billion of three-month benchmark bills due March 11, 2009 at a stop-out rate, or lowest accepted rate, of 0.070 percent and $1 billion of six-month bills due June 10, 2009 at a 0.300 percent stop-out rate.
The three-month bills were priced at 99.982 and have a money market yield of 0.070 percent, and the six-month bills were priced at 99.848 and have a money market yield of 0.300 percent, according to Fannie Mae (FNM:$0.7156,$-0.0744,-9.42%) .
On Dec. 3, Fannie sold $1 billion of three-month bills at a 0.690 percent stop-out rate and $1 billion of six-month bills at a 1.180 percent stop-out rate.
Settlement for the new bills is Dec. 10-11. (Reporting by Pam Niimi; Editing by James Dalgleish)