Fannie Mae sells $500 million bills at higher rates

July 22, 2015 1:50 PM

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Fannie Mae sells $500 million bills at higher rates

July 22 Fannie Mae (FNMA.OB), 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.

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