The Treasury Department Tuesday auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.216%, at a 0.168% spread, a price of 99.906491.
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The bid-to-cover ratio was 3.11.
Tenders at the high margin were allotted 66.21%.
The median discount margin was 0.180%. The low discount margin was 0.165%.
Tenders totaled $406,441,895,500 and the Treasury accepted $13,000,000,500, including $9,615,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Oct. 31 and due Oct. 31, 2017.
The index determination date is Nov. 16 and the index determination rate is 0.145%.
