Gary Siegel

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.

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

Builders' confidence in the market for new single-family homes soared as the National Association of Home Builders' housing market index rose to 52 in June from 44 in May.

The Empire State Manufacturing Survey showed "conditions for New York manufacturers improved modestly," the Federal Reserve Bank of New York reported Monday as the general business conditions index rose to positive 7.84 in June from negative 1.43 in May.

The University of Michigan's preliminary June consumer sentiment index reading was 82.7, compared to the final May 84.5, and the preliminary May 83.7, according to market sources.

Industrial production was flat in May after a revised 0.4% slip in April, first reported as a 0.5% decrease, while capacity utilization edged down to 77.6% from a revised 77.7% April, first reported as 77.8%, the Federal Reserve reported Friday.

The Treasury Department Thursday auctioned $13 billion of 29-year 11-month bonds with a 2 7/8% coupon at a 3.355% high yield, a price of 90.978135.

The Treasury Department said Thursday it will auction $7 billion 29-year 8-month inflation-indexed notes on Thursday, June 20.

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

The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 1 3/4% coupon at a 2.209% high yield, a price of 95.933134.

CEO expectations for the next half year improved, according to the Business Roundtable CEO Economic Outlook Survey Index, which rose to 84.3 in the second quarter from 81.0 in the first quarter.