Gary Siegel

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.

The Federal Open Market Committee needed to send a stronger signal that it will "defend" its inflation target against low inflation, Federal Reserve Bank of St. Louis President James Bullard said in a statement Friday.

The Treasury Department Thursday sold $7 billion of inflation-indexed 29-year 8-month bonds at a 1.420% yield, an adjusted price of 81.754227, with a 5/8% coupon.

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

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

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

The region's manufacturing sector expanded in June, as the general business conditions index soared to positive 12.5 from negative 5.2 in May, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

The composite index of Leading Economic Indicators added 0.1% in May following a revised 0.8% increase in April, first reported as a 0.6% gain, the Conference Board reported Thursday.

2015 remains the year most members of the Federal Reserve board members and bank presidents expect monetary policy tightening, with GDP growth substantially stronger and unemployment as low as 5.8%, according to the Fed's latest summary of economic projections released Wednesday.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.045% high yield, a price of 99.996500.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.045% high rate, unchanged from 0.045% the prior week, and the six-months incurred a 0.075% high rate, down from 0.080% the week before.