The Treasury Department Wednesday auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.063%, at a 0.069% spread, a price of 100.011671.
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The bid-to-cover ratio was 4.69.
Tenders at the high margin were allotted 97.75%.
The median discount margin was 0.062%. The low discount margin was 0.050%.
Tenders totaled $60,915,255,900 and the Treasury accepted $13,000,068,400, including $14,565,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated April 30 and due April 30, 2016.
