U.S. 1-year, 11-month floating rate notes high margin 0.055%
TLT•Issue details
- Issued date Aug. 28, 2026
- Maturity date July 31, 2028
- CUSIP number 91282CRD5
Auction structure
Dutch auctions are also called uniform-price auctions. Successful bidders pay only the price of the lowest accepted bid, rather than the actual price they bid as in a multiple-price auction.
Treasury floating-rate note auction results
WASHINGTON, Aug. 26 (Reuters) - The U.S. Treasury Department said its Dutch bidding auction of 1-year, 11-month floating rate notes brought these results:
1-year, 11-month FRN
Margin
- High 0.055%
- Median 0.045%
- Low 0.010%
Price/acceptances
- Price 99.988631
- Accepted at high 79.14%
- Bid-to-cover ratio 3.14
