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.
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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 -
NEW YORK - The Chicago Fed 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 (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 -
With federal debt reaching levels of GDP not seen since the end of World War II, and the retirement of the baby-boomers escalating, the long-term budget outlook is "daunting," the Congressional Budget Office said Wednesday.
By Gary SiegelJune 22 -
The term "extended period" means the Federal Open Market Committee will not take any action on rates or its balance sheet for "at least two to three meetings," Federal Reserve Board chairman Ben Bernanke said Wednesday.
By Gary SiegelJune 22 -
NEW YORK – The term “extended period” means the Federal Open Market Committee will not take any action on rates or its balance sheet for “at least two to three meetings,” Federal Reserve Board Chairman Ben Bernanke said Wednesday.
By Gary SiegelJune 22 -
NEW YORK – With federal debt reaching levels of GDP not seen since the end of World War II, and the retirement of the Baby Boomers escalating, the long-term budget outlook is “daunting,” the Congressional Budget Office said Wednesday.
By Gary SiegelJune 22