Gary Siegel

The global financial system “was woefully inadequate” in 2008, and while progress in reform has been made, the work “is far from complete,” Federal Reserve Bank of New York president and chief executive William Dudley said Friday.

The extraordinary measures taken by the Fed, since the Fed funds rate target was near zero, were “useful,” Federal Reserve Bank of San Francisco President and CEO John C. Williams said Friday.

The global financial system of 2008 “was woefully inadequate” and while progress in reform has been made, work “is far from complete,” Federal Reserve Bank of New York President and Chief Executive Officer William C. Dudley said Friday.

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

The composite index of leading economic indicators grew 0.3% in August, the Conference Board said Thursday.

The Treasury Department sold $11 billion of inflation-indexed 9-year 10-month TIPs at a 0.078% yield, an adjusted price of 105.582684, with a 5/8% coupon.

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

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

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

The composite index of Leading Economic Indicators grew 0.3% in August, the Conference Board reported Thursday.

Existing home sales increased 7.7% in August to a seasonally adjusted 5.03 million-unit rate, after an unrevised 4.67 million unit rate in July, the National Association of Realtors announced Wednesday.

The Federal Open Market Committee said it will extend the average maturity of its holdings of securities, buying $400 billion of Treasuries by the end of June with six to 30 years remaining to maturity and selling an equal amount of maturities three years and shorter, according to an announcement after the FOMC meeting.

The Federal Open Market Committee said it will extend the average maturity of its holdings of securities, buying by the end of June $400 billion of Treasuries with six to 30 years remaining to maturity and selling an equal amount of maturities three years and shorter, according to an announcement after the FOMC meeting.

Existing home sales increased 7.7% in August to a seasonally adjusted 5.03 million-unit rate, after an unrevised 4.67 million unit rate in July, the National Association of Realtors announced Wednesday.

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

The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.090% high yield and a price of 99.909000.

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

The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.090% high yield, a price of 99.909000.

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

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.010% high rate, unchanged from 0.010% the previous week, and the six-months incurred a 0.030% high rate, down from 0.050% .