Gary Siegel

The Treasury Department said Tuesday it will sell $45 billion of four-week discount bills Tuesday.

Pending home sales fell 0.6% to an index reading of 102.1 in October, after a revised 4.6% decline to 102.7 in September, according to a report released Monday by the National Association of Realtors.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "continued to grow, and producers' expectations for future activity improved moderately," according to the bank's monthly manufacturing survey, released Friday.

The Treasury Department sold $13 billion of inflation-indexed 9-year 8-month TIPs at a 0.560% high yield, an adjusted price of 98.268271, with a 3/8% coupon.

The U.S. should have looked at Japan's experience with near-zero rates before the December 2008 Federal Open Market Committee decision to drop rates near zero, Federal Reserve Bank of St. Louis President James Bullard said Thursday.

The Treasury Department said it will auction $29 billion seven-year notes on Wednesday, Nov. 27.

The Treasury Department said Thursday it will auction $32 billion 91-day bills and $28 billion 182-day discount bills Monday.

The region's manufacturing sector expanded at a slower pace in November, as the general business conditions index slipped to 6.5 from 19.8 in October, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

Asset purchases could be decreased "in coming months," as Federal Open Market Committee members expect data to show "ongoing improvement in labor market conditions," which would warrant such action, according to minutes of the panel's latest meeting, released Wednesday.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.060% high yield, a price of 99.995333.

The Federal Open Market Committee should define the amount of assets it will purchase under QE3 and stop when that limit is reached, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Monday.

The pace of economic growth will quicken in 2014 and "somewhat more in 2015," after disappointing this year, Federal Reserve Bank of New York President and Chief Executive Officer William C. Dudley said Monday.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred an 0.080% high rate, up from 0.075% the prior week, and the six-months incurred a 0.100% high rate, up from 0.095% the week before.

The Treasury Department said Tuesday it will sell $45 billion of four-week discount bills Tuesday.

Builders' confidence in the market for new single-family homes slipped as the National Association of Home Builders' housing market index remained at 54 in November, unchanged from a downwardly revised 54 in October, originally reported as 55.

The Empire State Manufacturing Survey showed "conditions weakened somewhat for New York manufacturers," the Federal Reserve Bank of New York reported Friday as the general business conditions index fell to negative 2.21 in November from positive 1.52 in October.

The Treasury Department Thursday auctioned $16 billion of 30-year bonds with a 3 3/4% coupon at a 3.810% high yield, a price of 97.618838.

The Treasury Department said it will auction $13 billion 9-year 8-month inflation-protected notes on Thursday, Nov. 21.

The Treasury Department said Thursday it will auction $32 billion 91-day bills and $28 billion 182-day discount bills Monday.

The public expects too much from the Federal Reserve, particularly monetary policy, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Thursday.