Gary Siegel

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.085% high rate, down from 0.095% 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 $35 billion of four-week discount bills Tuesday.

Texas factory activity, as measured by the production index, continued to expand, atroughly the same pace in March as in February, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.

Pending home sales slipped 0.5% to an index reading of 96.5 in February after an unrevised 2.0% increase to 97.0 in January, according to a report released Monday by the National Association of Realtors.

The Chicago Fed National Activity Index for February fell to negative 0.09 from a revised positive 0.33 reading in January, while the three-month moving average (CFNAI-MA3) improved to 0.30 in February from a revised 0.22 in January, the Federal Reserve Bank of Chicago reported Monday.

Although the jobs market has improved recently, it remains “far from normal,” and there are no guarantees that the pace of improvement will be sustained, Federal Reserve Board Chairman Ben Bernanke told the National Association of Business Economists on Monday.

The Treasury Department sold $15 billion of inflation-indexed nine-year, 10-month Treasury Inflation-Protected Securities at a negative 0.089% yield, an adjusted price of 102.226025, with a 1/8% coupon. The bid-to-cover ratio was 2.81. Tenders at the market-clearing yield were allotted 42.40%.

The composite index of leading economic indicators rose 0.7% in February following a revised 0.2% gain in January originally reported as a 0.4% increase, the Conference Board reported Thursday.

The Treasury Department sold $15 billion of inflation-indexed 9-year 10-month TIPs at a negative 0.089% yield, an adjusted price of 102.226025, with a 1/8% coupon.

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

The Treasury Department said it will auction $35 billion two-year notes on Tuesday, March 27, and $35 billion five-year notes on Wednesday, March 28.

The Treasury Department said Thursday it will auction $31 billion 91-day bills and $29 billion 182-day discount bills Monday.

The composite index of Leading Economic Indicators rose 0.7% in February following a revised 0.2% gain in January, originally reported as a 0.4% increase, the Conference Board reported Thursday.

Calling for a breakup of “too big to fail” firms, Federal Reserve Bank of Dallas president and chief executive Richard W. Fisher said such institutions significantly hamper the Fed’s ability to properly conduct monetary policy, according to the bank’s 2011 annual report.

While hailing recent progress in Europe’s financial mess, Federal Reserve Board chairman Ben Bernanke warned that the “situation remains difficult,” and the Fed will be prepared if U.S. markets need stabilization due to any contagion.

While hailing recent progress in Europe’s financial mess, Federal Reserve Board Chairman Ben Bernanke warned Europe’s “situation remains difficult,” and the Fed will be prepared if U.S. markets need stabilization due to any contagion.

The Treasury Department is asking for public input about the possible issuance of Treasury floating-rate notes

Federal Reserve banks’ assets rose $491 billion in 2011 to $2.919 trillion, and their net income for the year was $77.4 billion, $75.4 billion of which went to the Treasury, the Fed announced Tuesday in the release of the 2011 combined audited annual comparative financial statements for the Fed banks.

Federal Reserve Banks assets rose $491 billion in 2011 to $2.919 trillion, and their net income for the year was $77.4 billion, $75.4 billion of which went to the Treasury, the Federal Reserve announced Tuesday in the release of the 2011 combined annual comparative financial statements for the Federal Reserve Banks.

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.100% high yield, a price of 99.992222.