Thursday, September 4, 2014

Fnma ( Fannie Mae) last sold similar 10-year debt in 2007.

http://www.bloomberg.com/news/2014-09-03/fannie-mae-plans-first-benchmark-10-year-agency-bond-since-2012.html

Fannie Mae (FNMA) is planning to sell 10-year benchmark debt in the first offering of its type from a government-sponsored enterprise in more than two years

But this is not true. This is a 10-year debt. 

Fannie Mae last month sold $3 billion of its three-year benchmark debt. It last sold similar 10-year debt in 2007.

Fannie has not sold 10-year debt since 2007. They have only sold 3 year debt since the conservatorship. This is very interesting, much more long term.

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