Gary Siegel

Federal Open Market Committee members were presented three options for tending to the System Open Market Account balance sheet at their last meeting, which resulted in Operation Twist, but they were also briefed on a reinvestment maturity-extension program and a large-scale asset purchase program, according to the minutes of its Sept. 20-21 meeting released Wednesday.

Federal Open Market Committee members were presented three options for tending to the System Open Market Account balance sheet at their last meeting, which resulted in a Twist, but members were also briefed on a reinvestment maturity extension program and a large-scale asset purchase program, according to the minutes of its Sept. 20-21 meeting, which were released Wednesday.

Further monetary policy accommodation was not clearly needed when the Fed pulled its Twist, and the action taken “will do little to improve the near-term prospects for economic growth or employment, but they do pose some real risks,” Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Wednesday.

The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2 1/8% coupon at a 2.271% high yield, a price of 98.717572.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.010% high yield, a price of par.

The Treasury Department said Tuesday it will sell $30 billion of four-week discount bills on Wednesday.

The Treasury Department Tuesday auctioned $32 billion of three-year notes with a 1/2% coupon at a 0.544% yield and a price of 99.869476.

The Conference Board’s Employment Trends Index slid to 100.95 in September from an upwardly revised 101.37 in August, originally reported as 100.80, and is up 4.4% from a year ago, the group announced Tuesday.

Municipal market investors are looking to the week’s large deals to learn if last week’s sell-off has passed or will continue. Currently, there’s too little activity to properly gauge where prices should be.

The Treasury Department today auctioned $32 billion of three-year notes with a 1/2% coupon at a 0.544% yield, a price of 99.869476.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.015% high rate, down from 0.020% the prior week, and the six-months incurred a 0.045% high rate, off from 0.060% the week before.

The Treasury Department said Tuesday it will sell $30 billion of four-week discount bills Wednesday.

NEW YORK – The Conference Board’s Employment Trends Index (ETI) slid to 100.95 in September from an upwardly revised 101.37 in August, originally reported as 100.80, and is up 4.4% from a year ago, the group announced Tuesday.

Inflationary pressures were higher in September, as the U.S. future inflation gauge grew to 99.9 from a revised 99.2 in August, originally reported as 99.5, according to data released Friday morning by the Economic Cycle Research Institute.

Wholesale inventories increased 0.4% in August, the Commerce Department reported Friday.

Wholesale inventories increased 0.4% in August, the Commerce Department reported Friday.

U.S. inflationary pressures were higher in September, as the U.S. future inflation gauge grew to 99.9 from a revised 99.2 in August, originally reported as 99.5, according to data released Friday morning by the Economic Cycle Research Institute.

The Treasury Department Thursday sold $10 billion of five-day cash management bills, dated Oct. 12, due Oct. 17, at a zero high tender rate.

The European Central Bank’s Governing Council held interest rates, the bank announced at its latest monetary policy meeting Thursday.

The Treasury Department said it will auction $13 billion of 29-year, 10-month notes on Oct. 13. The notes settle Oct. 17 and are due Aug. 15, 2041.