Fannie Mae (FNM) has raised about $7 billion in its largest ever auction of senior debt, well...

|About: Fannie Mae (FNMA)|By:, SA News Editor

Fannie Mae (FNM) has raised about $7 billion in its largest ever auction of senior debt, well beyond $3B expectations. The two-year benchmark notes, which mature Oct. 12, 2010, were priced to yield 2.896 percent, or 70 basis points more than U.S. Treasuries of similar maturity.