Fannie Mae capitalized last week on investors' flight to quality by bringing $2 billion of additional funds to the noncallable debt market.

Fannie reopened a 10-year $5 billion Benchmark note that it first brought to market in May, boosting its value to $7 billion. The deal was priced at 58.5 basis points over the current 10-year Treasury, said John W. The Losen, vice president of debt marketing at Fannie Mae.

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