Gary Siegel

The Treasury Department said Thursday it will auction $30 billion 91-day bills and $25 billion 182-day discount bills Monday.

Federal Reserve Board Governor Elizabeth A. Duke said she will resign from the post effective August 31, 2013.

Asset purchase reductions are now appropriate, or would soon be, as a result of sustained job market improvements, some Federal Open Market Committee members believe, while others feel a decrease would limit flexibility, according to the minutes of the FOMC's June meeting, released Wednesday.

The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 1 3/4% coupon at a 2.670% high yield, a price of 92.085831.

The Treasury Department Tuesday auctioned $32 billion of three-year notes with a 5/8% coupon at a 0.719% yield, a price of 99.721515.

The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.025% high yield, a price of 99.998056.

The Conference Board's Employment Trends Index (ETI) gained to 111.64 in June from a downwardly revised 111.59 in May, originally reported as 111.76, and is up 3.8% from a year ago, the group announced Tuesday.

Consumer credit increased by $19.6 billion, or 8.3%, in May to $2.839 trillion, the Federal Reserve reported Monday.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.045% high rate, down from 0.050% the prior week, and the six-months incurred a 0.075% high rate, off from 0.085% the week before.

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

Tender rates for the Treasury Department's latest 90-day and 181-day discount bills were lower, as the three-months incurred a 0.050% high rate, down from 0.060% the prior week, and the six-months incurred a 0.085% high rate, off from 0.105% the week before.

The Treasury Department said Monday it will sell $30 billion of four-week discount bills Tuesday.

The overall economy grew for the forty-ninth straight time, while the manufacturing sector expanded after contracting in May, the Institute for Supply Management reported Monday.

The time is not yet right to taper the asset purchase program, according to Federal Reserve Bank of San Francisco President and CEO John C. Williams.

The University of Michigan's final June consumer sentiment index reading was 84.1, compared to the preliminary June 82.7, and the final May 84.5, according to market sources.

The Chicago Purchasing Managers' Business Barometer slumped to 51.6 in June from 58.7 in May, the National Association of Purchasing Management-Chicago said Friday.

Monetary stimulus can no longer fuel this economy, and Federal Reserve Board Chairman Ben Bernanke was right to "clarify … expectations regarding how the pace of asset purchases is likely to evolve," Federal Reserve Bank of Richmond President Jeffrey Lacker said Friday.

The seasonally adjusted Milwaukee Report on Business surged to 51.6 in June from 40.7 in May, the Institute for Supply Management-Milwaukee reported Friday.

The Midwest Economy Index slipped to negative 0.18 in May from an unrevised positive 0.03 in April, the Federal Reserve Bank of Chicago reported Friday.

The Fed was trying to clarify its policy, not signal a change, when Federal Reserve Board Chairman spoke of tapering asset purchase, Federal Reserve Board Governor Jeremy C. Stein said Friday.