Gary Siegel

NEW YORK – New York City business activity expanded at its fastest pace in three months, the Institute for Supply Management-New York’s Report on Business current business conditions index indicated.

NEW YORK – The Midwest Economy Index rose to positive 0.83 in April from positive 0.79 in March, according to the Federal Reserve Bank of Chicago, as gains in the manufacturing sector helped pull the index to its highest level since March 1995.

The University of Michigan’s final May consumer sentiment index reading was 74.3, up from the preliminary May 72.4 reading, the final April reading of 69.8, and the final March 67.5 reading, according to market sources.

Pending home sales slumped 11.6% to a reading of 81.9 in April, according to a report released Friday by the National Association of Realtors.

NEW YORK - Pending home sales slumped 11.6% to a reading of 81.9 in April, according to a report released Friday by the National Association of Realtors.

NEW YORK - The University of Michigan's final May consumer sentiment index reading was 74.3, compared to the preliminary May 72.4 reading, the final April 69.8, and the final March 67.5, according to market sources.

The Treasury Department auctioned $29 billion of seven-year notes, with a 2 3/8% coupon, a 2.429% high yield, and a price of 99.654311.

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “was largely unchanged in May, although new orders for exports continued to grow,” according to the bank’s monthly manufacturing survey released Thursday.

NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 3/8% coupon, a 2.429% high yield, a price of 99.654311.

NEW YORK - The Treasury Department said it will auction $24 billion year bills on Wednesday, June 1.

NEW YORK - The Treasury Department said Thursday it will auction $27 billion 91-day bills and $24 billion 182-day discount bills Tuesday.

NEW YORK - Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “was largely unchanged in May, although new orders for exports continued to grow,” according to the bank’s monthly manufacturing survey, released Thursday.

Based on his predictions of core personal consumption expenditure inflation rising slowly this year, and remaining under 2%, a “modest” rate hike by the end of the year “would be desirable,” Federal Reserve Bank of Minneapolis president Narayana Kocherlakota reiterated Wednesday.

The Treasury Department auctioned $35 billion of five-year notes, with a 1 3/4% coupon, a 1.813% high yield and a price of 99.700152.

NEW YORK – Based on his predictions of core PCE inflation rising slowly this year, and remaining under 2%, a “modest” rate hike by the end of the year “would be desirable,” Federal Reserve Bank of Minneapolis President Narayana Kocherlakota repeated Wednesday.

NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 1 3/4% coupon, a 1.813% high yield, a price of 99.700152.

After seven months of expansion, manufacturing activity in the Federal Reserve Bank of Richmond district “paused” in May, according to the monthly business activity survey.

NEW YORK - The Treasury Department today auctioned $35 billion of two-year notes with a 1/2% coupon at a 0.560% yield, a price of 99.880835.

NEW YORK - The Treasury Department Tuesday auctioned $28 billion of four-week bills at a 0.035% high yield, a price of 99.997278.

NEW YORK – “Service sector activity slowed in May,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday, “Retail sales dwindled as shopper traffic dropped sharply; big ticket sales remained in decline. Revenues also weakened at non-retail services firms. Looking ahead six months, retail merchants pulled back from their optimism of a month ago. Non-retail services providers maintained a positive outlook, but were less upbeat than in April.”