The Treasury Department Tuesday auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.068%, at a 0.053% spread, a price of par.
The bid-to-cover ratio was 4.00.
Tenders at the high margin were allotted 93.99%.
The median discount margin was 0.065%. The low discount margin was 0.050%.
Tenders totaled $52,044,730,100 and the Treasury accepted $13,000,072,600, including $7,730,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Oct. 31 and due Oct. 31, 2016.
