Gary Siegel is a journalist with more than 35 years of experience. He started his professional career at the Long Island Journal newspapers based in Long Beach, N.Y., working his way up from reporter to Assistant Managing Editor. Siegel also worked for Prentice-Hall in Paramus, N.J., covering human resources issues. Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.
-
NEW YORK - The Treasury Department Tuesday auctioned $28 billion of four-week bills at a 0.005% high yield, a price of 99.999611.
By Gary SiegelJune 28 -
NEW YORK - The Treasury Department Tuesday auctioned $24 billion of 364-day bills at a 0.200% high yield, a price of 99.797778.
By Gary SiegelJune 28 -
NEW YORK – Service sector activity slowed in June, according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday, “Retail sales dipped overall and big-ticket sales suffered another drop, despite an uptick in shopper traffic. Inventories declined in June, according to retail merchants. Non-retail services providers' revenues also decelerated. Looking ahead six months, retailers expected the weakness would persist, while contacts at services firms remained optimistic.”
By Gary SiegelJune 28 -
NEW YORK – “Manufacturing activity in the central Atlantic region firmed somewhat in June after stalling in May,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond. “The index of overall activity steadied as a slightly positive reading for new orders coupled with solid employment growth offset a slightly negative reading for shipments. Other indicators were mixed, however. District contacts reported more moderate weakness in backlogs and capacity utilization, but noted that delivery times and finished goods inventories grew at a somewhat quicker pace.”
By Gary SiegelJune 28 -
NEW YORK - The consumer confidence index fell to 58.5 in June from an upwardly revised 61.7 last month, The Conference Board reported Tuesday.
By Gary SiegelJune 28 -
Texas factory activity, as measured by the production index, rose slower in June than in May, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.
By Gary SiegelJune 27 -
Claiming the tax system offers “incentives for destabilizing activities by banks and households,” Narayana Kocherlakota, the president of the Federal Reserve Bank of Minneapolis, said the code should be changed to reduce the mortgage interest deduction for households and to cut the amount of interest corporations can write-off.
By Gary SiegelJune 27 -
NEW YORK - The Treasury Department today auctioned $35 billion of two-year notes with a 3/8% coupon at a 0.395% yield, a price of 99.960197.
By Gary SiegelJune 27 -
NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.025% high rate, down from 0.035% the prior week, and the six-months incurred a 0.095% high rate, off from 0.100% the week before.
By Gary SiegelJune 27 -
NEW YORK - The Treasury Department said Monday it will sell $28 billion of four-week discount bills Tuesday.
By Gary SiegelJune 27 -
NEW YORK – Claiming the tax system offers “incentives for destabilizing activities by banks and households,” the code should be changed to reduce the mortgage interest deduction for households and to cut the amount of interest corporations can write-off, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Monday.
By Gary SiegelJune 27 -
NEW YORK - Texas factory activity, as measured by the production index, rose slower in June than in May, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.
By Gary SiegelJune 27 -
NEW YORK - The Chicago Fed Midwest Manufacturing Index grew 0.6% in May to a seasonally adjusted level of 84.0, as three of the four regional sectors showed improvement, the Federal Reserve Bank of Chicago reported Monday.
By Gary SiegelJune 27 -
The Treasury Department Thursday sold $7 billion of inflation-indexed 29-year, eight-month bonds at a 1.744% yield, an adjusted price of 111.698711, and a 2 1/8% coupon.
By Gary SiegelJune 23 -
The Chicago Fed's national activity index for May improved to negative 0.37 from a revised negative 0.56 reading in April, while the three-month moving average, or CFNAI-MA3, slipped to negative 0.19 in May from April's revised negative 0.15, the Federal Reserve Bank of Chicago reported Thursday.
By Gary SiegelJune 23 -
NEW YORK - The Treasury Department Monday sold $7 billion of inflation-indexed 29-year, 8-month bonds at a 1.744% yield, an adjusted price of 111.698711, with a 2 1/8% coupon.
By Gary SiegelJune 23 -
NEW YORK - The Treasury Department said it will auction $29 billion seven-year notes on Wednesday, June 29.
By Gary SiegelJune 23 -
NEW YORK - The Treasury Department said it will auction $35 billion two-year notes on Monday, June 27, and $35 billion five-year notes on Tuesday, June 28.
By Gary SiegelJune 23 -
NEW YORK - The Treasury Department said it will auction $24 billion year bills on Monday, June 27.
By Gary SiegelJune 23 -
NEW YORK - The Treasury Department said Thursday it will auction $27 billion 91-day bills and $24 billion 182-day discount bills Monday.
By Gary SiegelJune 23