The Treasury Department Wednesday auctioned $15 billion of two-year floating rate notes with a high discount margin of 0.074%, at a 0.074% spread, a price of par.
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The bid-to-cover ratio was 3.81.
Tenders at the high margin were allotted 63.49%.
The median discount margin was 0.065%. The low discount margin was 0.050%.
Tenders totaled $57,143,405,600 and the Treasury accepted $15,000,050,600, including $12,405,600 non-competitive.
The Fed banks bought $54,870,800 for their own account in exchange for maturing securities.
The notes are dated April 30 and due April 30, 2017.
