The Treasury Department Wednesday auctioned $13 billion of one-year 10-month floating rate notes with a high discount margin of 0.069%, at a 0.045% spread, a price of 99.955121.
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The bid-to-cover ratio was 4.67.
Tenders at the high margin were allotted 34.80%.
The median discount margin was 0.065%. The low discount margin was 0.058%.
Tenders totaled $60,738,251,200 and the Treasury accepted $13,000,151,200, including $8,251,200 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.
