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Stopped out, $32B 7Y auction (CUSIP......>

US TSYS/7Y
US TSYS/7Y: Stopped out, $32B 7Y auction (CUSIP 9128285N6) is awarded 2.974%
rate vs. 2.980% WI (previous $31B 7Y awarded 3.074%); 2.55 bid/cover vs. 2.39
prior (2.62 avg). Indirects drew 56.61% vs. 64.64% prior (52.31 avg), directs
27.04% vs. 5.22% (13.21 avg), dealers 16.34% vs. 30.15% (34.49% avg).

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