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 Treasury Department Tuesday auctioned $28 billion of four-week bills at a 0.025% high yield, a price of 99.998056.
By Gary SiegelMay 17 -
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.
By Gary SiegelMay 16 -
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.
By Gary SiegelMay 16 -
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.
By Gary SiegelMay 16 -
NEW YORK - The Treasury Department said it will auction $5 billion 56-day cash management bills on Wednesday, May 18.
By Gary SiegelMay 16 -
NEW YORK - The Treasury Department said Monday it will sell $28 billion of four-week discount bills Tuesday.
By Gary SiegelMay 16 -
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.
By Gary SiegelMay 16 -
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.
By Gary SiegelMay 16 -
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.
By Gary SiegelMay 13 -
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.
By Gary SiegelMay 13 -
NEW YORK – 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.
By Gary SiegelMay 13 -
NEW YORK - The University of Michigan's preliminary May consumer sentiment index reading was 72.4, compared to the final April 69.8 reading, the preliminary April 69.6, and the final March 67.5, according to market sources.
By Gary SiegelMay 13 -
If the economy continues trudging along, the Federal Reserve will need to start exiting from its accommodative monetary policy in the “not-too-distant future,” according to Charles Plosser, president of the Federal Reserve Bank of Philadelphia.
By Gary SiegelMay 12 -
NEW YORK - The Treasury Department today auctioned $16 billion of 30-year bonds with a 4 3/8% coupon at a 4.380% high yield, a price of 99.916711.
By Gary SiegelMay 12 -
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 SiegelMay 12 -
NEW YORK - The Treasury Department said it will auction $11 billion 9-year 8-month inflation-protected notes on Thursday, May 19.
By Gary SiegelMay 12 -
NEW YORK – If the economy continues trudging along, the Fed will need to start exiting from its accommodative monetary policy in the “not-too-distant future,” according to Federal Reserve Bank of Philadelphia President Charles I. Plosser.
By Gary SiegelMay 12 -
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.
By Gary SiegelMay 11 -
NEW YORK - The Treasury Department auctioned $24 billion of 10-year notes with a 3 1/8% coupon at a 3.210% high yield, a price of 99.277862.
By Gary SiegelMay 11 -
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.
By Gary SiegelMay 11