The Treasury Department Tuesday auctioned $15 billion of one-year, 11-month floating rate notes with a high discount margin of 0.169%, at a 0.170% spread, a price of 100.001890.
The bid-to-cover ratio was 3.32.
Tenders at the high margin were allotted 1.50%.
The median discount margin was 0.160%. The low discount margin was 0.139%.
Tenders totaled $43,205,128,100 and the Treasury accepted $13,000,003,100, including $10,128,100 non-competitive.
The Fed banks bought none for their own account.
The notes are dated Nov. 25 and due Oct. 31, 2018.
The index determination date is Nov. 14 and the index determination rate is 0.515%.
