CORRECTION to attribution of TIPS......>

US TSYS/TIPS: CORRECTION to attribution of TIPS comment to Jefferies Tom

Simmons: Treasuries prices held steady/near lows after strong $13B 10Y TIPS new

issue auction, which stopped through to a 0.548% rate and drew strong 78.95%

indirects (vs. 69.04% prior, previous month 70.35%) and strong 10.01% directs

(vs. 4.78% prior, pvs month 2.32%), leaving 11.04% for dealers to mop up (vs.

26.18% prior). Jefferies Tom Simons noted the "massive buyside takedown," at

2.69bp short stop -- the "highest since May 2014. As we have seen in several

recent instances with both TIPS and nominal auctions, the WI was trading at the

richest levels of the day at the auction bidding deadline and it came well

through. The WI is hanging around the auction stop at the moment and it is hard

to see a way that it rallies much from here despite the low Dealer takedown,"

Simmons added.