The Treasury Department Thursday auctioned $13 billion of one-year 10-month floating rate notes with a high discount margin of 0.076%, at a 0.074% spread, a price of 99.996258.
The bid-to-cover ratio was 4.01.
Tenders at the high margin were allotted 1.46%.
The median discount margin was 0.065%. The low discount margin was 0.060%.
Tenders totaled $48,577,704,700 and the Treasury accepted $13,000,004,700, including $5,704,700 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, 2017.
