Gary Siegel

New York City business activity expanded in January as the current business conditions index decreased to 56.7 from a revised 57.7 in December, the Institute for Supply Management-New York's Report on Business index, released Monday, indicated.

U.S. inflationary pressures were higher in January, as the U.S. future inflation gauge climbed to 105.2 from an upwardly revised 104.4 in December, originally reported as 104.0, according to data released Friday morning by the Economic Cycle Research Institute.

The overall economy grew for the forty-fourth straight time, while the manufacturing sector expanded for the second month, the Institute for Supply Management reported Friday.

The University of Michigan's final January consumer sentiment index reading was 73.8, compared to the preliminary January 71.3 reading, the final December 72.9, and the preliminary December 74.5, according to market sources.

The Treasury Department said it will auction $25 billion year bills on Feb. 5.

The Treasury Department said Thursday it will auction $32 billion 91-day bills and $28 billion 182-day discount bills Monday.

The Chicago Purchasing Managers' Business Barometer rose to 55.6 in January from 50.0 in December, the National Association of Purchasing Management-Chicago said Thursday.

The seasonally adjusted Milwaukee Report on Business dipped to 51.3 in January from 52.2 in December, the Institute for Supply Management-Milwaukee reported Thursday.

The employment cost index rose 0.5% in the fourth quarter, after increasing 0.4% during the third quarter, according to a report by the Labor Department's Bureau of Labor Statistics released Thursday.

The Midwest Economy Index narrowed to negative 0.18 in December from a downwardly revised 0.30 in November, the Federal Reserve Bank of Chicago reported Thursday.

The Treasury Department auctioned $29 billion of seven-year notes, with a 1.375% coupon, a 1.416% high yield, a price of 99.727681.

About 5,044,700 online job postings appeared on leading Internet job boards in January, an increase of 106,900 from December, the Conference Board reported Wednesday.

The Treasury Department auctioned $35 billion of five-year notes, with a 7/8% coupon, a 0.889% high yield, a price of 99.931681.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.035% high yield, a price of 99.997278.

Texas service sector activity expanded in January, but at a slower rate than in December, according to business executives responding to the Texas Service Sector Outlook Survey.

The consumer confidence index slumped to 58.6 in January from an upwardly revised 66.7 last month, The Conference Board reported Tuesday.

The Treasury Department Tuesday auctioned $35 billion of two-year notes with a 1/4% coupon at a 0.288% yield, a price of 99.924273.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.075% high rate, unchanged from 0.075% the prior week, and the six-months incurred a 0.110% high rate, up from 0.095% 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, "rose sharply" in January, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.