Gary Siegel

The Treasury Department Tuesday auctioned $37 billion of four-week bills at a 0.060% high yield, a price of 99.995333.

Federal Reserve Board Chairman Ben Bernanke will repeat his testimony from last week before the House Budget committee to the Senate budget panel Tuesday, the Fed said.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher Monday, as the three-months incurred an 0.080% high rate, up from 0.050% the previous week, and the six-months incurred a 0.100% high rate, up from 0.075% .

The Conference Board’s employment trends index grew to 105.81 in January from an upwardly revised 105.04 in December, originally reported as 104.32, and is up 5.9% from a year ago, the group announced Monday.

The Federal Open Market Committee’s decision to set a 2% explicit, numerical inflation target is “an important step forward” that could stop the nation from misreading the output gap and thereby avoiding a “looming disaster” caused by keeping rates near zero for too long, according to Federal Reserve Bank of St. Louis president and chief executive James Bullard.

Newly issued Treasury securities held in stripped form decreased about $290.6 million in January to a total of $195.174 billion, the Bureau of the Public Debt reported Monday.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred an 0.080% high rate, up from 0.050% the prior week, and the six-months incurred a 0.100% high rate, up from 0.075% the week before.

The Treasury Department said Monday it will sell $37 billion of four-week discount bills Tuesday.

The Conference Board’s Employment Trends Index (ETI) grew to 105.81 in January from an upwardly revised 105.04 in December, originally reported as 104.32, and is up 5.9% from a year ago, the group announced Monday.

The Federal Open Market Committee’s decision to set a 2% explicit, numerical inflation target is “an important step forward,” that could stop the nation from misreading the output gap and, thereby, avoiding a “looming disaster” caused by keeping rates near zero for too long, according to Federal Reserve Bank of St. Louis President and CEO James Bullard.

U.S. inflationary pressures were slightly higher in January, as the U.S. future inflation gauge climbed to 101.2 from a revised 98.9 in December, originally reported as 98.6, according to data released Friday by the Economic Cycle Research Institute.

The U.S. services sector expanded at a quicker pace in January as the non-manufacturing business activity composite index was 56.8, compared to 53.0 in December, on a seasonally adjusted basis, the Institute for Supply Management reported Friday.

U.S. factory orders grew 1.1% in December, the Commerce Department reported Friday. Orders excluding transportation rose 0.6%.

U.S. inflationary pressures were slightly higher in January, as the U.S. future inflation gauge climbed to 101.2 from a revised 98.9 in December, originally reported as 98.6, according to data released Friday morning by the Economic Cycle Research Institute.

The U.S. services sector expanded at a quicker pace in January as the non-manufacturing business activity composite index was 56.8 in the month, compared to 53.0 in December, on a seasonally adjusted basis, the Institute for Supply Management reported Friday.

U.S. factory orders grew 1.1% in December, the Commerce Department reported Friday.

The most important of the Federal Open Market Committee’s three announcements after its latest policy meeting was that it couldn’t “specify an exact goal for employment” since nonmonetary factors have a great impact on labor markets, Federal Reserve Bank of Dallas President and CEO Richard W. Fisher said Thursday.

New York City business activity expanded in January at its fastest rate in eight months, as the current business conditions index improved to 60.1 in January from a revised 51.7 in December, according to the Institute for Supply Management-New York’s Report on Business index.

While the economy has gradually recovered over the past two and a half years, albeit at a “frustratingly slow” rate, such expansion leaves it vulnerable to shocks, and the outlook is still uncertain and requires “close monitoring of economic developments,” Federal Reserve Board chairman Ben Bernanke said Thursday.

The Treasury Department said Thursday it will auction $33 billion 91-day bills and $31 billion 182-day discount bills Monday.