Gary Siegel

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.”

NEW YORK – “Manufacturing activity in the central Atlantic region paused in May, after expanding during the previous seven months,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond. “The index of overall activity was pushed into negative territory by weak readings for shipments and new orders, while employment growth held steady. Other indicators suggested additional softness. District contacts reported that capacity utilization turned negative and backlogs fell further, while delivery times grew more slowly. In addition, manufacturers reported an uptick in finished goods inventory growth.”

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.055% high rate, up from 0.030% the previous week, and the six-months incurred a 0.100% high rate, up from 0.070% .

The Chicago Fed national activity index for April declined to negative 0.45 from a revised positive 0.32 reading in March, while the three-month moving average slipped to negative 0.12 in April from March’s revised positive 0.08, the Federal Reserve Bank of Chicago reported Monday.

NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.055% high rate, up from 0.030% the prior week, and the six-months incurred a 0.100% high rate, up from 0.070% the week before.

NEW YORK - The Treasury Department said Monday it will sell $28 billion of four-week discount bills Tuesday.

NEW YORK - The Chicago Fed National Activity Index for April declined to negative 0.45 from a revised positive 0.32 reading in March, while the three-month moving average (CFNAI-MA3) slipped to negative 0.12 in April, from March’s revised positive 0.08, the Federal Reserve Bank of Chicago reported Monday.

The region’s manufacturing sector continued to expand, but at a much slower pace in May, as the general business conditions index slumped to 3.9 from 18.5 in April, the Federal Reserve Bank of Philadelphia Report on Business indicates.

The composite index of leading economic indicators fell 0.3% in April, the Conference Board reported Thursday.

NEW YORK – Monetary policy accommodation remains appropriate, according to Federal Reserve Bank of Chicago President Charles Evans.

NEW YORK – The Treasury Department sold $11 billion of inflation-indexed 9-year 8-month TIPs at a 0.887% yield, an adjusted price of 104.359972, with a 1 1/8% coupon.