Fannie & Freddie See Day-Two (FNM, FRE)

Posted in pre-market 
December 29th, 2009

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are trading higher on a second day run after Uncle Sam has effectively noted limitless support for the GSEs in conservatorship.  Fannie Mae (FNM) is up 7.8% at $1.37 on 1.9 million shares and Freddie Mac (FRE) is up 6.8% at $1.71 on 981,000 shares as of 8:33 AM EST.  If these post-news pops can hold today, this will mark the highest price in both since October.

JON OGG

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