The Treasury Department Wednesday auctioned $15 billion of two-year floating rate notes with a high discount margin of 0.069%, at a 0.069% spread, a price of par.
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The bid-to-cover ratio was 4.64.
Tenders at the high margin were allotted 28.02%.
The median discount margin was 0.066%. The low discount margin was 0.050%.
Tenders totaled $69,634,556,400 and the Treasury accepted $15,000,246,400, including $29,556,400 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.
