Fannie Mae to skip benchmark debt offering in August

Marketwatch reports:

Mortgage-buyer Fannie Mae
will skip a benchmark debt offering for the first time since May 2006, the company said Monday. "We utilized our option to pass," a spokeswoman said, without elaborating further. Fannie is permitted to pass twice a year on the offerings. On its web site, Action Economics said the move "suggests that demand [for] even high-rated mortgage paper is scant at the moment and impacting funding plans at the agency."

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