NEW YORK - The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2% coupon at a 2.043% high yield, a price of 99.616439.

The bid-to-cover ratio was 3.08.

Tenders at the high yield were allotted 75.67%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.979%. The low yield was 1.800%.

Tenders totaled $64,707,830,800 and the Treasury accepted $21,000,005,800 including $8,780,800 non-competitive.

The Fed banks bought $3,821,130,400 for their own account in exchange for maturing securities.

The notes, which are dated Feb. 15, 2012, will mature Feb. 15, 2022.

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