The Treasury Department Wednesday auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.084%, at a 0.084% spread, a price of 99.999999.
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The bid-to-cover ratio was 4.28.
Tenders at the high margin were allotted 38.60%.
The median discount margin was 0.081%. The low discount margin was 0.060%.
Tenders totaled $55,664,267,100 and the Treasury accepted $13,000,305,100, including $9,267,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Jan. 31 and due Jan. 31, 2017.
