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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NEW YORK - The University of Michigan's preliminary June consumer sentiment index reading was 71.8, compared to the final May 74.3 reading, preliminary May 72.4 reading, and the final April 69.8, according to market sources.
By Gary SiegelJune 17 -
The Philadelphia region's manufacturing sector contracted in June, as the general business conditions index slumped down to negative 7.7 from positive 3.9 in May, according to this month's Federal Reserve Bank of Philadelphia Report on Business.
By Gary SiegelJune 16 -
NEW YORK - The Treasury Department said Thursday it will auction $7 billion 29-year 8-month inflation-indexed notes on Thursday, June 23.
By Gary SiegelJune 16 -
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 16 -
NEW YORK – The region's manufacturing sector contracted in June, as the general business conditions index slumped to negative 7.7 from positive 3.9 in May, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.
By Gary SiegelJune 16 -
Builders' confidence in the market for new single-family homes dropped, as the National Association of Home Builders' housing market index — a monthly gauge of builder sentiment — fell to 13 in June from 16 in May.
By Gary SiegelJune 15 -
The Empire State Manufacturing Survey showed "conditions for New York manufacturers deteriorated in June," the Federal Reserve Bank of New York reported Wednesday, as the general business conditions index slipped to negative 7.79 in the month from positive 11.88 in May.
By Gary SiegelJune 15 -
NEW YORK - Builders’ confidence in the market for new single-family homes dropped, as the National Association of Home Builders' housing market index - a monthly gauge of builder sentiment – fell to 13 in June from 16 in May.
By Gary SiegelJune 15 -
NEW YORK - The Empire State Manufacturing Survey showed “conditions for New York manufacturers deteriorated in June,” the Federal Reserve Bank of New York reported Wednesday, as the general business conditions index slipped to negative 7.79 in the month from positive 11.88 in May, the Fed reported.
By Gary SiegelJune 15 -
NEW YORK – The federal budget deficit needs to be slashed, Federal Reserve Board Chairman Ben S. Bernanke said Tuesday.
By Gary SiegelJune 14 -
NEW YORK - The Treasury Department Tuesday auctioned $28 billion of four-week bills at a 0.015% high yield, a price of 99.998833.
By Gary SiegelJune 14 -
The Treasury Department said Monday it will sell $28 billion of four-week discount bills Tuesday.
By Gary SiegelJune 13 -
Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.050% high rate, up from 0.045% the previous week, while the six-months were unchanged at a 0.105% high rate.
By Gary SiegelJune 13 -
NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.050% high rate, up from 0.045% the prior week, and the six-months incurred a 0.105% high rate, unchanged from 0.105% the week before.
By Gary SiegelJune 13 -
NEW YORK - The Treasury Department said Monday it will sell $28 billion of four-week discount bills Tuesday.
By Gary SiegelJune 13 -
The economy has hit a soft patch, according to New York Federal Reserve Bank President William Dudley, with 'disappointing” economic growth so far this year, but the woes should only be “transitory.”
By Gary SiegelJune 10 -
NEW YORK – The economy has hit a soft patch, according to New York Federal Reserve Bank President William Dudley, with ‘disappointing” economic growth so far this year, but it should be only “transitory.”
By Gary SiegelJune 10 -
The economy is running “well below” potential and job creation is lagging, so monetary policy accommodation remains necessary, especially with medium-term inflationary expectations subdued, Federal Reserve Board chairman Ben Bernanke said Tuesday at the International Monetary Conference in Atlanta.
By Gary SiegelJune 7 -
NEW YORK – The economy is running “well below” potential and job creation is lagging, so monetary policy accommodation remains necessary, especially with medium-term inflationary expectations subdued, Federal Reserve Board Chairman Ben S. Bernanke said at the International Monetary Conference in Atlanta Tuesday.
By Gary SiegelJune 7 -
NEW YORK - Consumer borrowing increased by $6.3 billion in April to a seasonally adjusted $2.428.2 trillion from $2.421.9 trillion in March, a 3.1% increase, the Federal Reserve reported Tuesday.
By Gary SiegelJune 7