plans to sell more than $50 billion of its benchmark notes and bonds next year.

The company, which sells more notes and bonds than anyone except the Treasury, also announced a schedule for next year's sales, to make its borrowing as predictable as that of the Treasury.

It also said it may sell bonds through Dutch auctions, in which sellers gradually reduce their prices until a responsive bid is made.

Fannie Mae has sold about $98 billion of benchmark bonds and notes since the program's inception in January 1998.

-- Bloomberg News

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