The Treasury Department Wednesday auctioned $13 billion of one-year 10-month floating rate notes with a high discount margin of 0.109%, at a 0.140% spread, a price of 100.057148.
Processing Content
The bid-to-cover ratio was 3.43.
Tenders at the high margin were allotted 84.37%.
The median discount margin was 0.103%. The low discount margin was 0.090%.
Tenders totaled $44,597,087,700 and the Treasury accepted $13,000,077,700, including $6,042,700 non-competitive.
The Fed banks bought $1,573,854,1 for their own account.
The notes are dated Jan. 31 and due Jan. 31, 2019.
The index determination date is March 27 and the index determination rate is 0.780%.
