Gary Siegel

Real gross domestic product forecast were lowered by participants in the Federal Reserve Bank of Philadelphia's December Livingston survey, released Wednesday, with expectations for 1.8% growth in the last half of 2012.

The Treasury Department Tuesday auctioned $32 billion of three-year notes with a 1/4% coupon at a 0.327% yield, a price of 99.770732.

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.050% high yield, a price of 99.996111.

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

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.090% high rate, unchanged from 0.090% the prior week, and the six-months incurred a 0.135% high rate, off from 0.140% the week before.

The Treasury Department said it will auction $10 billion 3-day cash management bills on Thursday, Dec. 13.

The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.

The Conference Board's Employment Trends Index slipped to 107.82 in November from a downwardly revised 107.84 in October.

The University of Michigan's preliminary December consumer sentiment index reading was 74.5, compared to the final November 82.7, the preliminary November 84.9, and the final October 82.6, according to market sources.

U.S. inflationary pressures were slightly lower in November, as the U.S. future inflation gauge slipped to 102.5 from an upwardly revised 103.6 in October, originally reported as 103.5, according to data released Friday morning by the Economic Cycle Research Institute.

Newly issued Treasury securities held in stripped form decreased about $1.773 billion in November to a total of $193.267 billion, the Bureau of the Public Debt reported Thursday.

The Treasury Department said it will auction $13 billion 29-year, 11-month bonds on Dec. 13.

The Treasury Department said it will auction $21 billion 9-year, 11-month notes on Dec. 12.

The Treasury Department said it will auction $25 billion year bills on Dec. 11.

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

The European Central Bank announced its Governing Council held interest rates at its latest monetary policy meeting Thursday.

The U.S. services sector expanded at a slightly faster pace in November as the non-manufacturing business activity composite index was 54.7 in the month, compared to 54.2 in October, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.

The Treasury Department Tuesday sold $25 billion 11-day cash management bills, dated Dec. 6, due Dec. 17, at a 0.165% high tender rate.

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.060% high yield, a price of 99.995333.

New York City business activity expanded in November as the current business conditions index rebounded to 52.5 from 45.9 in October, the Institute for Supply Management-New York's Report on Business index, released Tuesday, indicated.