Gary Siegel is a journalist with more than 35 years of experience. He started his professional career at the Long Island Journal newspapers based in Long Beach, N.Y., working his way up from reporter to Assistant Managing Editor. Siegel also worked for Prentice-Hall in Paramus, N.J., covering human resources issues. Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.
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The Treasury Department Thursday auctioned $12 billion of 29-year 10-month bonds with a 3% coupon at a 2.936% high yield, a price of 101.261161.
July 13 -
While claiming he will keep an open mind, Federal Reserve Bank of Dallas President Rob Kaplan reiterated he would like to see inflation rise before the next rate hike.
July 13 -
The Federal Reserve’s balance sheet will be reduced substantially, but not to the $1 billion level from before the financial crisis, Federal Reserve Board Chair Janet Yellen said.
July 13 -
The Treasury Department said Thursday it will auction $39 billion 91-day bills and $33 billion 182-day discount bills Monday.
July 13 -
Unwinding the Federal Reserve’s balance sheet should start “sooner rather than later,” Federal Reserve Bank of Kansas City President Esther George said Wednesday.
July 12 -
All 12 Federal Reserve Districts saw economic growth in June, the Beige Book, released Wednesday indicated.
July 12 -
The Treasury Department auctioned $20 billion of 9-year 10-month notes with a 2 3/8% coupon at a 2.325% high yield, a price of 100.434016.>
July 12 -
Federal Reserve Board Chair Janet Yellen said Wednesday that although the timing of balance sheet normalization beginning “doesn’t matter a great deal,” she would like to see it start “relatively soon.”
July 12 -
Labor market “activity decreased and momentum remained high in June,” as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) dropped to 0.33 in June from 0.50 in May, according to the Bank.
July 12 -
It’s “premature” to decide inflation won’t go back to 2% in the coming years, and the Federal Reserve will alter its course if the inflation undershoot is “persistent,” Federal Reserve Board Chair Janet Yellen said Wednesday.
July 12 -
The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1 1/2% coupon at a 1.573% high yield, a price of 99.787217.
July 11 -
Calling the “normalization of the federal funds rate … well under way,” Federal Reserve Board Governor Lael Brainard said it is almost time for balance sheet run off.
July 11 -
The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.950% high yield, a price of 99.926111.
July 11 -
Small business owners’ optimism fell in June, as did hiring plans, according to the National Federation of Independent Business' monthly Small Business Optimism index published Tuesday.
July 11 -
Consumer credit increased by $18.5 billion in May to $3.842 trillion, the Federal Reserve reported Monday.
July 10 -
Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 1.040% high rate, down from 1.045% the prior week, and the six-months incurred a 1.125% high rate, off from 1.130% the week before.
July 10 -
The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.
July 10 -
Consumers’ inflation expectations fell in the short-term, but rose over a longer period, according to the June Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
July 10 -
The Federal Reserve’s Labor Market Conditions Index, a compilation of 19 labor market measures, dropped 1.8 points in June to 1.5, following a 0.5-point decline in May.
July 10 -
The Conference Board's Employment Trends Index (ETI) slid to 133.07 in June from a downwardly revised 133.32 in May, the group announced Monday.
July 10
