Gary Siegel

The University of Michigan's final January consumer sentiment index reading was 75.0, compared to the preliminary January 74.0 reading, the final December 69.9, and the preliminary December 67.7, according to market sources.

The composite index of leading economic indicators rose 0.4% in December following a revised 0.2% gain in November, originally reported as a 0.5% increase, the Conference Board reported Thursday.

The Treasury Department auctioned $29 billion of seven-year notes, with a 1 1/4% coupon, a 1.359% high yield, a price of 99.274515.

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

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “rebounded in January, and expectations remained at solid levels,” according to the bank’s monthly manufacturing survey, released Thursday.

The Chicago Purchasing Managers’ Business Barometer benchmark revisions brought the index down to 62.2 in December from 62.5 previously reported, the National Association of Purchasing Management-Chicago said Thursday.

The composite index of Leading Economic Indicators rose 0.4% in December following a revised 0.2% gain in November, originally reported as a 0.5% increase, the Conference Board reported Thursday.

The Chicago Fed National Activity Index for December rose to positive 0.17 from a revised negative 0.46 reading in November, while the three-month moving average (CFNAI-MA3) improved to negative 0.08 in December from a revised negative 0.19 in November, the Federal Reserve Bank of Chicago reported Thursday.

Pending home sales slipped 3.5% to an index reading of 96.6 in December after an unrevised 7.3% increase to 100.1 in November, according to a report released Wednesday by the National Association of Realtors.

Nearly one-third of Federal Open Market Committee members expect the next policy firming to be in 2014, with almost as many seeing the first tightening in 2015, according to projections released Wednesday by the Fed.

Nearly one-third of Federal Open Market Committee members expect the next policy firming will be in 2014, with almost as many seeing the first tightening in 2015, according to projections released Wednesday by the Fed.

The Treasury Department auctioned $35 billion of five-year notes, with a 7/8% coupon, a 0.899% high yield, a price of 99.882914.

Pending home sales slipped 3.5% to an index reading of 96.6 in December after an unrevised 7.3% increase to 100.1 in November, according to a report released Wednesday by the National Association of Realtors.

The Treasury Department Wednesday auctioned $30 billion of four-week bills at a 0.020% high yield and a price of 99.998444.

The Treasury Department today auctioned $35 billion of two-year notes with a 1/4% coupon at a 0.250% yield and priced at par.

“Service sector activity continued to improve overall in January,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday. “Retail sales accelerated despite a sharp fall in big-ticket sales and declining shopper traffic.”

“Manufacturing activity in the central Atlantic region advanced somewhat faster in January after firming somewhat in December,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond. “All broad indicators — shipments, new orders and employment — landed in positive territory, with manufacturers noting their first increase in worker numbers since September 2011.”

The Treasury Department today auctioned $35 billion of two-year notes with a 1/4% coupon at a 0.250% yield, a price of par.

The Treasury Department Wednesday auctioned $30 billion of four-week bills at a 0.020% high yield, a price of 99.998444.

“Service sector activity continued to improve overall in January,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday, “Retail sales accelerated, despite a sharp fall in big-ticket sales and declining shopper traffic.”