FED: US TSY 1Y-10M FRN AUCTION: HIGH MARGIN 0.040%; ALLOTMENT 42.15%

* US TSY 1Y-10M FRN AUCTION: HIGH MARGIN 0.040%; ALLOTMENT 42.15% * US TSY 1Y-10M FRN AUCTION: DEALERS TAKE 40.91% OF COMPETITIVES * US TSY 1Y-10M FRN AUCTION: DIRECTS TAKE 0.00% OF COMPETITIVES * US TSY 1Y-10M FRN AUCTION: INDIRECTS TAKE 59.09% OF COMPETITIVES * US TSY 1Y-10M FRN AUCTION: BID/CVR 2.63