Gary Siegel

The Treasury Department auctioned $29 billion of seven-year notes, with a 1 7/8% coupon, a 1.932% high yield, a price of 99.628563.

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

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "fell modestly, although producers'expectations for future activity continued to increase," according to the bank's monthly manufacturing survey, released Thursday.

If incoming data meet expectations, the Fed could moderate its asset purchases next year, with the program ending by mid-year, Fed Governor Jerome H. Powell said Thursday.

Pending home sales soared 6.7% to an index reading of 112.3 in May, after a downwardly revised 0.5% decrease to 105.2 in April, according to a report released Thursday by the National Association of Realtors.

The economy needs to meet the Fed's expectations before it slows asset purchases, according to Federal Reserve Bank of New York President and Chief Executive Officer William C. Dudley.

The Chicago Fed Midwest Manufacturing Index fell 0.4% in May to a seasonally adjusted level of 95.8, as all four regional sectors declined, the Federal Reserve Bank of Chicago reported Thursday.

The Treasury Department auctioned $35 billion of five-year notes, with a 1/8 coupon, a 1.484% high yield, a price of 99.476843.

Dodd-Frank is "ineffective" and "burdensome" Federal Reserve Bank of Dallas President Richard W. Fisher told Congress Wednesday, calling for a bi-partisan plan to end too big to fail.

The Treasury Department Tuesday auctioned $35 billion of two-year notes with a 3/8% coupon at a 0.430% yield, a price of 99.890734.

The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.160% high yield, a price of 99.838222.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.030% high yield, a price of 99.997667.

Service sector activity was stronger in June, according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing activity in the central Atlantic region "advanced moderately in June after contracting at a less pronounced rate in May," while expectations were near last month's numbers, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index rose to positive 8 from negative 2 in May.

The consumer confidence index climbed to its highest level in five years, hitting 81.4 in June from a revised 74.3 last month, The Conference Board reported Tuesday.

While the Federal Open Market Committee policy statement is "consistent with an appropriately accommodative monetary policy strategy," the panel leaves "uncertainty about the Committee's likely course of policy choices when the recovery is more advanced," according to Federal Reserve Bank of Minneapolis President Narayana Kocherlakota.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.060% high rate, up from 0.045% the prior week, and the six-months incurred a 0.105% high rate, up from 0.075% the week before.

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

Texas factory activity, as measured by the production index, "increased sharply in June," according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.

The Chicago Fed National Activity Index for May climbed to negative 0.30 from a revised negative 0.52 reading in April, while the three-month moving average (CFNAI-MA3) dropped to negative 0.43 from a revised negative 0.13 in April, the Federal Reserve Bank of Chicago reported Monday.