-- The US Treasury's 2-year FRN auction hit a high discount margin of 0.103% on Wednesday, lower than the 0.115% high in the previous auction.
The bid to cover ratio for the auction was 3.52, above the 2.78 ratio in the previous auction.
Dealers represented 67.22% of the bids, with indirect bidders at 32.78%.
For takedown, dealers took 34.29%, indirect bidders at 65.71%.