Gary Siegel

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.

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 (CFNAI-MA3) declined to negative 0.06 in April from a revised positive 0.02 in March, the Federal Reserve Bank of Chicago reported Monday.

The region’s manufacturing sector contracted modestly in May, as the general business conditions index slipped to negative 5.8 from positive 8.5 in April, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.

The composite index of leading economic indicators slid 0.1% in April following an unrevised 0.3% gain in March, the Conference Board reported Thursday.

The Treasury Department sold $13 billion of inflation-indexed 9-year 8-month TIPs at a negative 0.391% yield, an adjusted price of 106.458589, with a 1/8% coupon.

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

The Treasury Department said it will auction $35 billion two-year notes on Tuesday, May 22, and $35 billion five-year notes on Wednesday, May 23.

The Treasury Department said it will auction $29 billion seven-year notes on Thursday, May 24.

The region's manufacturing sector contracted modestly in May, as the general business conditions index slipped to negative 5.8 from positive 8.5 in April, its first negative reading in eight months, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.

The composite index of Leading Economic Indicators slid 0.1% in April following an unrevised 0.3% gain in March, the Conference Board reported Thursday.

Industrial production gained 1.1% in April, while capacity use grew to 79.2%, the Federal Reserve reported Tuesday.