The Treasury Department Tuesday auctioned $21 billion of nine-year, 11-month notes with a 2% coupon at a 2.076% high yield and a price of 99.320389.

The bid-to-cover ratio was 3.24.

Tenders at the high yield were allotted 26.58%. All competitive tenders at lower yields were accepted in full.

The median yield was 2.025%. The low yield was 1.950%. Tenders totaled $68,045,587,300 and the Treasury accepted $21,000,187,300, including $20,387,300 of noncompetitive.

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