The Treasury Department Wednesday auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.188%, at a 0.190% spread, a price of 100.003850.
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The bid-to-cover ratio was 3.35.
Tenders at the high margin were allotted 52.73%.
The median discount margin was 0.175%. The low discount margin was 0.140%.
Tenders totaled $43,580,458,800 and the Treasury accepted $13,000,013,800, including $12,458,800 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated April 30 and due April 30, 2018.
The index determination date is May 23 and the index determination rate is 0.350%.
