The Treasury Department Wednesday auctioned $13 billion of one-year 10-month floating rate notes with a high discount margin of 0.240%, at a 0.272% spread, a price of 100.059523.
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The bid-to-cover ratio was 3.07.
Tenders at the high margin were allotted 20.26%.
The median discount margin was 0.225%. The low discount margin was 0.200%.
Tenders totaled $39,848,737,400 and the Treasury accepted $13,000,085,900, including $2,237,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Jan. 31 and due Jan. 31, 2018.
The index determination date is March 21 and the index determination rate is 0.300%.
