Gary Siegel

NEW YORK - The Treasury Department said it will auction $29 billion seven-year notes on Thursday, May 26.

NEW YORK - The Treasury Department said it will auction $35 billion two-year notes on Tuesday, May 24, and $35 billion five-year notes on Wednesday, May 25.

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

NEW YORK – 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, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.

NEW YORK - The composite index of Leading Economic Indicators fell 0.3% in April, the Conference Board reported Thursday.

The Federal Reserve is likely to tighten monetary policy by year-end, first by letting a runoff of its balance sheet occur, though it is “reasonable to expect a fed funds rate increase” in that time frame as well, according to Federal Reserve Bank of St. Louis president James Bullard.

More discussion of normalizing policy was needed and no decisions were made at the Federal Open Market Committee meeting of April 26-27, according to minutes of the meeting released Wednesday by the Fed.

NEW YORK – More discussion of normalizing policy was needed and no decisions were made at the Federal Open Market Committee meeting of April 26-27, according to minutes of the meeting, released Wednesday.

NEW YORK - The Treasury Department Wednesday sold $5 billion 56-day cash management bills, dated May 19, due July 14, at a 0.029% high tender rate.

NEW YORK – The Federal Reserve is likely to tighten monetary policy by yearend, first by letting a runoff of its balance sheet occur, but it’s “reasonable to expect a fed funds rate increase” in that frame too, according to Federal Reserve Bank of St. Louis President James Bullard.

NEW YORK - The Treasury Department Tuesday auctioned $28 billion of four-week bills at a 0.025% high yield, a price of 99.998056.

Builders’ confidence in the market for new single-family homes held steady, as the National Association of Home Builders’ housing market index — a monthly gauge of builder sentiment — stayed at 16 in May, unchanged from April.

The Empire State Manufacturing Survey showed “conditions for New York manufacturers improved in May, but at a slower pace than in April,” the Federal Reserve Bank of New York reported Monday, as the general business conditions index slipped to 11.88 in the month from 21.70 in April, the Fed reported.

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 0.030% high rate, up from 0.025% the prior week, and the six-months incurred a 0.070% high rate, up from 0.065% the week before.

NEW YORK - The Treasury Department said it will auction $5 billion 56-day cash management bills on Wednesday, May 18.

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

NEW YORK - Builders’ confidence in the market for new single-family homes held steady, as the National Association of Home Builders' housing market index - a monthly gauge of builder sentiment – stayed at 16 in May, unchanged from April.

NEW YORK - The Empire State Manufacturing Survey showed “conditions for New York manufacturers improved in May, but at a slower pace than in April,” the Federal Reserve Bank of New York reported Monday, as the general business conditions index slipped to 11.88 in the month from 21.70 in April, the Fed reported.

The economy is not looking as strong as it did three months ago, according to the Federal Reserve Bank of Philadelphia’s survey of professional forecasters, which was released Friday.

The University of Michigan’s preliminary May consumer sentiment index reading was 72.4, up from the final April 69.8 reading, the preliminary April 69.6 and the final March 67.5, according to market sources.