Gary Siegel

The University of Michigan's preliminary November consumer sentiment index reading was 72.0, compared to the final October 73.2, the preliminary October 75.2 reading, and the final September 77.5, according to market sources.

U.S. inflationary pressures were slightly lower in October, as the U.S. future inflation gauge inched down to 99.5 from the revised September 100.1 reading, originally reported 100.0, according to data released Friday morning by the Economic Cycle Research Institute.

Non-farm payrolls rose by 204,000 in October and the unemployment rate climbed to 7.3% from 7.2% in in September, the Bureau of Labor Statistics reported Friday.

The Treasury Department said it will auction $25 billion year bills on Nov. 13.

The Treasury Department said Thursday it will auction $33 billion 91-day bills and $29 billion 182-day discount bills Tuesday.

The European Central Bank announced its Governing Council cut interest rates 25 basis points on its main refinancing rate at its latest monetary policy meeting Thursday.

Newly issued Treasury securities held in stripped form increased about $385 million in October to a total of $202.512 billion, the Bureau of the Public Debt reported Wednesday.

While labor markets have made "meaningful progress" since quantitative easing began, inflation remains below the 2% target set by the Fed, and with "limited experience with asset purchases," Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto, said "it pays to be cautious."

The composite index of Leading Economic Indicators was up 0.7% in September following an unrevised 0.7% increase in August, the Conference Board reported Wednesday.

The Treasury Department said it will raise $6.5 billion in new cash with its November quarterly refunding, selling $63.5 billion: $30 billion 3-year notes on November 12, $24 billion in 10-year notes on November 13 and $16 billion in 30-year bonds on November 14.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.050% high yield, a price of 99.996111.

The U.S. services sector expanded at a slightly faster pace in October as the non-manufacturing business activity composite index was 55.4 in the month, compared to 54.4 in September, on a seasonally adjusted basis, the Institute for Supply Management reported Tuesday.

Without faster economic growth, it could take until 2017 or 2018 to reach full employment, Federal Reserve Bank of Boston President & Chief Executive Officer Eric S. Rosengren said Monday.

The Treasury Department said it expects to borrow $266 billion in the fourth quarter and end with a $140 billion cash balance.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.050% high rate, up from 0.045% the prior week, and the six-months incurred a 0.085% high rate, up from 0.080% the week before.

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

New orders for manufactured goods rose 1.7% in September, after dropping 0.1% in August, the Commerce Department reported Monday.

New York City business activity grew at a quicker pace in October, as the current business conditions index rose to 59.3 from 53.6 in September, the Institute for Supply Management-New York's Report on Business index, released Monday, indicated.

The overall economy grew for the fifty-third straight time, while the manufacturing sector expanded for the fifth consecutive month, the Institute for Supply Management reported Friday.

The two components of monetary policy, forward guidance and the asset purchase program are viewed by the markets "as tied closely together," while the Fed sees them as separate, according to Federal Reserve Bank of St. Louis President and CEO James Bullard, who said Friday the Fed needs to figure out how to sync the two perceptions.