The Treasury Department Wednesday auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.064%, at a 0.045% spread, a price of 99.962992.
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The bid-to-cover ratio was 5.29.
Tenders at the high margin were allotted 24.24%.
The median discount margin was 0.060%. The low discount margin was 0.049%.
Tenders totaled $68,773,969,900 and the Treasury accepted $13,000,089,900, including $14,969,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated January 31 and due January 31, 2016.
