Gary Siegel

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "declined slightly in October, and producers' expectations for future activity fell considerably but remained slightly positive," according to the bank's monthly manufacturing survey, released Thursday.

Pending home sales grew 0.3% to an index reading of 99.5 in September after an unrevised 2.6% decrease to 99.2 in August, according to a report released Thursday by the National Association of Realtors.

The Chicago Fed National Activity Index for September climbed to zero from a revised negative 1.17 reading in August, while the three-month moving average rose to negative 0.53 from a revised negative 0.37 in August, the Federal Reserve Bank of Chicago reported Thursday.

The Treasury Department auctioned $35 billion of five-year notes, with a 3/4% coupon, a 0.774% high yield, a price of 99.882515.

The Treasury Department Wednesday auctioned $40 billion of four-week bills at a 0.125% high yield, a price of 99.989931.

Manufacturing activity in the central Atlantic region “pulled back” in October, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index declined to negative 7 from positive 4 in September.

Service sector activity “moderated in October,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.100% high rate, down from 0.105% the prior week, and the six-months incurred a 0.150% high rate, unchanged from 0.150% the week before.

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

The Treasury Department Thursday sold $7 billion of inflation-indexed 29-year 4-month bonds at a 0.479% yield, an adjusted price of 109.477963, with a 3/4% coupon.

The Treasury Department said it will auction $29 billion seven-year notes on Thursday, Oct. 25.

The Treasury Department said it will auction $35 billion two-year notes on Tuesday, Oct. 23, and $35 billion five-year notes on Wednesday, Oct. 24.

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

The region's manufacturing sector expanded in October, as the general business conditions index improved to positive 5.7 from negative 1.9 in September, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

The composite index of Leading Economic Indicators rose 0.6% in September following a revised 0.4% drop in August, originally reported as a 0.1% decrease, the Conference Board reported Thursday.

The Treasury Department Wednesday auctioned $40 billion of four-week bills at a 0.125% high yield, a price of 99.990278.

The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.180% high yield, a price of 99.818000.

The Empire State Manufacturing Survey showed manufacturing activity "continued to decline for a third consecutive month" in New York State, the Federal Reserve Bank of New York reported Monday as the general business conditions index improved to negative 6.16 in October from negative 10.41 in September.

The University of Michigan's preliminary October consumer sentiment index reading was 83.1, compared to the final September 78.3, the preliminary September 79.2, and the final August 74.3, according to market sources.

The Treasury Department Thursday auctioned $13 billion of 29-year 10-month bonds with a 2 3/4% coupon at a 2.904% high yield, a price of 96.936227.