Gary Siegel

The Chicago Fed National Activity Index for October narrowed to negative 0.13 from a revised negative 0.20 reading in September, while the three-month moving average (CFNAI-MA3) dropped to negative 0.27 in September, from October’s revised negative 0.16, the Federal Reserve Bank of Chicago reported Monday.

Existing home sales increased 1.4% in October to a seasonally adjusted 4.97 million-unit rate, after a downwardly revised 4.90 million unit rate in September, the National Association of Realtors announced Monday.

The Treasury Department today auctioned $35 billion of two-year notes with a 1/4% coupon at a 0.280% yield, a price of 99.940209.

Tender rates for the Treasury Department’s latest 90-day and 181-day discount bills were higher, as the three-months incurred a 0.015% high rate, up from 0.010% the prior week, and the six-months incurred a 0.050% high rate, up from 0.040% the week before.

The Treasury Department said Monday it will sell $35 billion of four-week discount bills Tuesday.

Existing home sales increased 1.4% in October to a seasonally adjusted 4.97 million-unit rate, after a downwardly revised 4.90 million unit rate in September, the National Association of Realtors announced Monday.

The Chicago Fed National Activity Index for October narrowed to negative 0.13 from a revised negative 0.20 reading in September, while the three-month moving average (CFNAI-MA3) dropped to negative 0.27 in September, from October’s revised negative 0.16, the Federal Reserve Bank of Chicago reported Monday.

The composite index of leading economic indicators soared 0.9% in October, the Conference Board reported Friday.

The unemployment rate will remain above 7% for the next three years and the country won’t be at “maximum employment until 2016,” Federal Reserve Bank of San Francisco president and chief executive John C. Williams said Friday.

The unemployment rate will remain above 7% for the next three years and the country won’t be at “maximum employment until 2016,” Federal Reserve Bank of San Francisco President and CEO John C. Williams said Friday.

The composite index of Leading Economic Indicators soared 0.9% in October, the Conference Board reported Friday.

The Fed’s monetary policy is “appropriate in this economic environment,” supporting recovery and keeping inflation in check, according to Federal Reserve Bank of Cleveland president Sandra Pianalto.

The Fed can do more to help the economy and buying mortgage-backed securities could be a good start, since it would boost the beleaguered housing market, William Dudley, president of the Federal Reserve Bank of New York, said Thursday.

The region’s manufacturing sector expanded in November but at an extremely slow pace, the Federal Reserve Bank of Philadelphia Report on Business indicated.

The Fed can do more to help the economy, and buying mortgage-backed securities could be a good start, since it would boost the beleaguered housing market, Federal Reserve Bank of New York President William Dudley said Thursday.

The Treasury Department sold $11 billion of inflation-indexed 9-year 8-month TIPs at a 0.099% yield, an adjusted price of 105.733846, with a 5/8% coupon.

The Federal Reserve’s monetary policy is “appropriate in this economic environment,” supporting recovery and keeping inflation in check, according to Federal Reserve Bank of Cleveland President Sandra Pianalto.

The Treasury Department said it will auction $35 billion two-year notes on Monday, Nov. 21, and $35 billion five-year notes on Tuesday, Nov. 22.

The Treasury Department said it will auction $29 billion seven-year notes on Wednesday, Nov. 23.

The Treasury Department said Thursday it will auction $29 billion 91-day bills and $27 billion 182-day discount bills Monday.