U.S. 1-year, 10-month floating rate notes high margin 0.040%

WASHINGTON, Sept. 23 (Reuters) - The U.S. Treasury Department said its Dutch bidding auction of 1-year, 10-month floating rate notes brought these results:

1-Year, 10-Month FRN

Margin

• High 0.040%
• Median 0.010%
• Low -0.035%

Price/acceptances

• Price 100.015499
• Accepted at high 42.15%
• Bid-to-cover ratio 2.63

Amounts tendered and accepted (dollars)

• Total accepted 28,000,087,000
• Total public bids tendered 73,508,324,500
• Competitive bids accepted 27,989,762,500
• Noncompetitive bids accepted 10,324,500
• Fed add-ons 0
• Primary Dealer Tendered 55,701,000,000
• Primary Dealer Accepted 11,451,850,000
• Direct Bidder Tendered 1,100,000,000