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 0.069% spread, a price of 99.999999.
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The bid-to-cover ratio was 4.43.
Tenders at the high margin were allotted 30.28%.
The median discount margin was 0.065%. The low discount margin was 0.050%.
Tenders totaled $57,560,501,500 and the Treasury accepted $13,000,391,500, including $10,801,500 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.
