Fannie Mae-No Politics (FNMA)

[Phisherman]

Fannie Mae sells $2 bln bills at lower rates
12/31 10:00 AM
NEW YORK, Dec 31 (Reuters) - Fannie Mae (FNM:$0.7299,$0.0399,5.78%) <FNM.P> said on Wednesday it sold $2 billion in bills at lower interest rates compared with sales of the same maturities and size a week ago.
Fannie Mae (FNM:$0.7299,$0.0399,5.78%) said it sold $1 billion of three-month benchmark bills due April 1, 2009 at a stop-out rate, or lowest accepted rate, of 0.129 percent and $1 billion of six-month bills due July 1, 2009 at a 0.385 percent stop-out rate.
The three-month bills were priced at 99.967 and have a money market yield of 0.129 percent, and the six-month bills were priced at 99.805 and have a money market yield of 0.386 percent, according to Fannie Mae (FNM:$0.7299,$0.0399,5.78%) .
On Dec. 24, Fannie sold $1 billion of three-month bills at a 0.290 percent stop-out rate and $1 billion of six-month bills at a 0.510 percent stop-out rate.
Settlement for the new bills is Dec. 31 and Jan. 2. (Reporting by Caryn Trokie; Editing by Tom Hals)