Gary Siegel

The Treasury Department auctioned $29 billion of seven-year notes, with a 1 1/8% coupon, a 1.203% high yield, a price of 99.477861.

While rules can be attractive when setting monetary policy, they cannot replace analysis, Federal reserve bank of New York President William Dudley said Thursday.

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

The Treasury Department said it will auction $25 billion year bills on Wednesday, May 30.

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “rebounded, and producers were more optimistic than in previous months,” according to the bank’s monthly manufacturing survey for May, released Thursday.

The Treasury Department Wednesday auctioned $35 billion of five-year notes with a 5/8% coupon, a 0.748% high yield and a price of 99.397464.

The Federal Open Market Committee should stress the uncertainty of future economic paths and describe how policy will react in possible situations, Federal Reserve Bank of Minneapolis president Narayana Kocherlakota said Wednesday.

The Federal Open Market Committee should stress the uncertainty of future economic paths and describe how policy will react in possible situations, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Wednesday.

The Treasury Department auctioned $35 billion of five-year notes, with a 5/8% coupon, a 0.748% high yield, a price of 99.397464.

The Treasury Department Tuesday auctioned $35 billion of two-year notes with a 1/4% coupon at a 0.300% yield, a price of 99.900374.

Service-sector activity “remained generally soft in May, although employment picked up,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

“Manufacturing activity in the central Atlantic region expanded in May for the sixth consecutive month but at a more moderate pace than a month ago,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond.

The Treasury Department Tuesday auctioned $35 billion of two-year notes with a 1/4% coupon at a 0.300% yield, a price of 99.900374.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.065% high yield, a price of 99.994944.

Service sector activity “remained generally soft in May, although employment picked up,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

“Manufacturing activity in the central Atlantic region expanded in May for the sixth consecutive month but at a more moderate pace than a month ago,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond.

Tender rates for the Treasury Department’s latest 91-day and 183-day discount bills were lower, as the three-months incurred a 0.085% high rate, off from 0.095% the previous week, and the six-months incurred a 0.140% high rate, down from 0.145% the week before.

The Chicago Fed national activity index for April rebounded to positive 0.11 from a revised negative 0.44 reading in March, while the three-month moving average, or CFNAI-MA3, declined to negative 0.06 in April from a revised positive 0.02 in March, the bank reported Monday.

Tender rates for the Treasury Department’s latest 91-day and 183-day discount bills were lower, as the three-months incurred a 0.085% high rate, off from 0.095% the prior week, and the six-months incurred a 0.140% high rate, down from 0.145% the week before.

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