The Treasury Department Wednesday auctioned $13 billion of one-year 10-month floating rate notes with a high discount margin of 0.180%, at a 0.174% spread, a price of 99.988870.
The bid-to-cover ratio was 3.09.
Tenders at the high margin were allotted 84.93%.
The median discount margin was 0.175%. The low discount margin was 0.150%.
Tenders totaled $40,227,420,900 and the Treasury accepted $13,000,020,400, including $6,420,900 non-competitive.
The Fed banks bought $792,458,900 for their own account.
The notes are dated July 31 and due July 31, 2018.
The index determination date is Sept. 26 and the index determination rate is 0.250%.
