Gary Siegel

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed on Monday, as the three-months incurred a 1.050% high rate, unchanged from 1.050% the prior week, and the six-months incurred a 1.190% high rate, up from 1.170% the week before.

The Treasury Department said Monday it will sell $35 billion of four-week discount bills Tuesday.

The overall economy grew for the hundredth straight time, the Institute for Supply Management reported Monday.

The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/8% coupon and a 2.130% high yield, a price of 99.967545.

The Treasury Department said Thursday it will auction $42 billion 91-day bills and $36 billion 182-day discount bills Monday.

The economy will “probably not” rebound in the last half of 2017, according to Federal Reserve Bank of St. Louis President James Bullard, and don’t expect inflation to suddenly turn around either.

The Treasury Department auctioned $34 billion of five-year notes, with a 1 7/8% coupon, a 1.911% high yield, a price of 99.829191.

The Treasury Department auctioned $13 billion of one-year 10-month floating rate notes at a 0.060% spread.

U.S. durable goods orders climbed 1.7% in August, while excluding transportation orders were up 0.2%, the Commerce Department reported Thursday.

The Treasury Department Tuesday auctioned $26 billion of two-year notes with a 1 3/8% coupon at a 1.462% yield, a price of 99.829541.

Given the numerous uncertainties in the economy, gradual rate hikes remain the best course, Federal Reserve Board Chair Janet Yellen said.

While monetary policy is not “overly easy,” Atlanta Fed President Raphael Bostic said his mind is open about tightening.

The consumer confidence index decreased to 119.8 in September from a revised 120.4 last month.

Service sector activity “remained generally upbeat in September.”

Manufacturing in the central Atlantic region “largely unchanged in August.”

Home prices rose 5.9% on an annual basis in July, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.

The region's non-manufacturing sector “continued to expand,” as the general business conditions index increased to 33.2 in September from 31.8 in August.

Director and Senior Credit Analyst, Wells Fargo Principal Investments

Managing Director, Business Head of Municipals, Ipreo

While he doesn’t “see much risk of an outsized breakout in inflation,” Federal Reserve Bank of Chicago President Charles Evans said Monday he is concerned that inflation expectations are too low.