Gary Siegel

The Treasury Department Tuesday auctioned $32 billion of three-year notes with a 1/4% coupon at a 0.366% yield, a price of 99.654528.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.070% high yield, a price of 99.994556.

Economic optimism grew slightly, according to the IBD/TIPP index, released Tuesday, which rose to 47.0 in July from 46.7 in June.

Job openings rose 195,000 to 3.642 million in May the Labor Department's Job Openings and Labor Turnover Survey indicated.

The Federal Open Market Committee's extension of Operation Twist will have a "relatively modest impact on the economy," and if further Fed moves are needed, it should buy "longer-maturity securities, including agency mortgage-backed securities," San Francisco Federal Reserve Bank President John Williams said Monday.

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, off from 0.100% the prior week, and the six-months incurred a 0.145% high rate, down from 0.150% the week before.

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

The Conference Board's Employment Trends Index (ETI) crept up 0.29% to 108.34 in June from a downwardly revised 108.23 in May, originally reported as 108.34, and is up 5.6% from a year ago, the group announced Monday.

Newly issued Treasury securities held in stripped form decreased about $3.041 billion in June to a total of $193.356 billion, the Bureau of the Public Debt reported Wednesday.

U.S. inflationary pressures were slightly lower in June, as the U.S. future inflation gauge dropped to 101.2 from an unrevised 102.3 in May, according to data released Friday morning by the Economic Cycle Research Institute.

The Treasury Department said it will auction $32 billion three-year notes on Tuesday, July 10.

The Treasury Department said it will auction $21 billion 9-year, 10-month notes on Wednesday, June 11.

The Treasury Department said it will auction $13 billion 29-year, 10-month notes on Thursday, July 12.

The Treasury Department said Thursday it will auction $30 billion 91-day bills and $27 billion 182-day discount bills Monday.

The U.S. services sector expanded at a slightly slower pace in June as the non-manufacturing business activity composite index was 52.1 in the month, compared to 53.7 in May, on a seasonally adjusted basis, the Institute for Supply Management reported Tuesday.

The European Central Bank announced its Governing Council cut interest rates 25 basis points at its latest monetary policy meeting Thursday.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.075% high yield, a price of 99.994167.

New York City business activity contracted in June as the current business conditions index fell to an eight-month low of 49.7 in June from 49.9 in May, the Institute for Supply Management-New York's Report on Business index, released Tuesday, indicated.

Although monetary theory suggests otherwise, inflation has remained tame and is expected to stay low for the next decade despite the "huge increase in the monetary base," Federal Reserve Bank of San Francisco President and CEO John C. Williams said Monday.

Although government spending supported the economy during the Great Recession, tightening purse strings will hold back economic expansion in "the next couple of years," according to an economic letter from the Federal Reserve Bank of San Francisco, released Monday.