Gary Siegel

The Treasury Department Tuesday auctioned $32 billion of three-year notes with a 1/4% coupon at a 0.362% yield, a price of 99.666118.

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

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.090% high rate, down from 0.095% the previous week, and the six-months incurred a 0.145% high rate, unchanged from 0.145%.

The Conference Board’s employment trends index crept up 0.8% to 108.04 in April from a downwardly revised 107.18 in March, originally reported as 107.28, and is up 7.1% from a year ago, the group announced Monday.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.090% high rate, down from 0.095% the prior week, and the six-months incurred a 0.145% high rate, unchanged from 0.145% 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 crept up 0.8% to 108.04 in April from a downwardly revised 107.18 in March, originally reported as 107.28, and is up 7.1% from a year ago, the group announced Monday.

U.S. inflationary pressures were slightly lower in April, as the U.S. future inflation gauge slipped to 101.2 from an upwardly revised 101.5 in March, originally reported as 101.2, according to data released Friday by the Economic Cycle Research Institute.

Monetary policy accommodation will end at some point, but not soon, since the economy is “still fragile,” Federal Reserve Bank of San Francisco president John C. Williams said Friday

Newly issued Treasury securities held in stripped form increased about $1.676 billion in April to a total of $197.600 billion, the Bureau of the Public Debt reported Thursday.

Monetary policy accommodation will end at some point, not soon though, Federal Reserve Bank of San Francisco President and CEO John C. Williams said Friday

U.S. inflationary pressures were slightly lower in April, as the U.S. future inflation gauge slipped to 101.2 from an upwardly revised 101.5 in March, originally reported as 101.2, according to data released Friday morning by the Economic Cycle Research Institute.

The U.S. services sector expanded at a slower pace in April as the non-manufacturing business activity composite index was 53.5, down from 56.0 in March, on a seasonally adjusted basis, the Institute for Supply Management reported on Thursday.

Labor market strife and unemployment levels that are expected to be above 7% through 2014 support the need for accommodative monetary policy for “quite some time,” Federal Reserve Bank of San Francisco president and chief executive John C. Williams said Thursday.

Before taking further monetary policy actions to stimulate the economy, Federal Open Market Committee members need to weigh the risks to price stability, Atlanta Federal Reserve Bank Preside Dennis Lockhart said Thursday.

The Fed’s maximum employment and price stability mandates could face a short-term conflict, leading to “a balanced approach” to reach objectives, but Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Thursday, watching the Summary of Economic Projections might offer hints.

Labor market strife, and unemployment levels that are expected to be above 7% through 2014 support the need for accommodative monetary policy for “quite some time,” Federal Reserve Bank of San Francisco President and CEO John C. Williams said Thursday.

The Treasury Department said Thursday it will auction $30 billion 91-day bills and $28 billion 182-day discount bills Monday.

The U.S. services sector expanded at a slower pace in April as the non-manufacturing business activity composite index was 53.5 in the month, compared to 56.0 in March, on a seasonally adjusted basis, the Institute for Supply Management reported Thursday.

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