The Treasury Department Wednesday auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.133%, at a 0.140% spread, a price of 100.013572.
The bid-to-cover ratio was 3.08.
Tenders at the high margin were allotted 56.30%.
The median discount margin was 0.120%. The low discount margin was 0.100%.
Tenders totaled $40,000,564,500 and the Treasury accepted $13,000,014,500, including $10,564,500 non-competitive.
The Fed banks bought nothing for their own account.
The notes are dated Jan. 31 and due Jan. 31, 2019.
The index determination date is Feb. 13 and the index determination rate is 0.540%.
