Fannie Mae to sell $3bn in bills on Wednesday

25 Apr, 2011

In such uniform price auctions, successful bidders pay only the price of the lowest accepted bid rather than the actual price as in a conventional multiple-price auction.

Bids will be accepted from authorized dealers from 9:00 a.m. until 9:45 a.m.

Settlement is April 27-28.

Copyright Reuters, 2011

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