Gary Siegel

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.

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

The seasonally adjusted Milwaukee Report on Business gained to 57.1 in October from 55.0 in September, the Institute for Supply Management-Milwaukee reported Thursday.

The Chicago Purchasing Managers' Business Barometer gained to 65.9 in October, its highest level since March 2011, from 55.7 in September, the National Association of Purchasing Management-Chicago said Thursday.

The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/4% coupon, a 1.300% high yield, a price of 99.758710.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.055% high yield, a price of 99.995569.

Texas service sector activity slowed again in October, according to business executives responding to the Texas Service Sector Outlook Survey, as the revenue index slid to 5.3 from 8.9.

The consumer confidence index decreased to 71.2 in October from a revised 80.2 last month, The Conference Board reported Tuesday.

Business inventories rose 0.3% to $1.668 trillion in August, while sales increased 0.3% to $1.298 trillion, the Commerce Department reported Tuesday.

The Treasury Department Monday auctioned $32 billion of two-year notes with a 1/4% coupon at a 0.323% yield, a price of 99.854588.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.045% high rate, up from 0.035% the prior week, and the six-months incurred a 0.080% high rate, up from 0.070% the week before.