Fannie Mae has reported the auction results for a $1 billion reopening of a 5.000% 10-year Benchmark Notes security due May 11, 2017.The stop yield was 5.071% for the issue (CUSIP: 31359M7X5), which was priced at 99.448. The bid/cover ratio was 3.425. The settlement date is May 18. Fannie Mae can be found on the Web at http://www.fanniemae.com.
Fannie Auctions $1B BenchNote Reopening
May 17, 2007, 2:00 p.m. EDT 1 Min Read