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Fannie Mae Plans $3B Bills Sale

Fannie Mae is seeking to sell $3 billion of benchmark bills on June 1.

Fannie Mae is seeking to sell $3 billion of benchmark bills on June 1, Reuters reports. The U.S. home funding firm will sell $1 billion of three-month benchmark bills due Aug. 31, 2011.

The firm will also sell $2 billion of six month bills due November 30, 2011 in a Dutch auction. Fannie Mae sold $3 billion of benchmark bills at higher interest last week.

Click here for the story from Reuters.

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