The Treasury Department Wednesday auctioned $13 billion of one-year, 10-month floating rate notes with a high discount margin of 0.169%, at a 0.170% spread, a price of 100.001782.
Processing Content
The bid-to-cover ratio was 3.80.
Tenders at the high margin were allotted 82.27%.
The median discount margin was 0.160%. The low discount margin was 0.125%.
Tenders totaled $49,345,378,800 and the Treasury accepted $13,000,063,300, including $16,053,800 non-competitive.
The Fed banks bought none for their own account.
The notes are dated Oct. 31 and due Oct. 31, 2018.
The index determination date is Dec. 19 and the index determination rate is 0.515%.
