Markets

Fannie Mae to sell $2bn bills on Oct. 5

NEW YORK : Fannie Mae, the largest US home funding company, said on Monday it plans to sell $1 billion of three-month
Published October 3, 2011 Updated October 3, 2011 04:19pm

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.

 

Copyright Reuters, 2011