Gary Siegel

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.

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.

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.

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.

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 Treasury Department said it will auction $11 billion 9-year 8-month inflation-protected notes on Thursday, May 19.

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.

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 $24 billion of 10-year notes with a 3 1/8% coupon at a 3.210% high yield, a price of 99.277862.

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 today auctioned $32 billion of three-year notes with a 1% coupon at a 1.000% yield, a price of 99.999987.

NEW YORK - The Treasury Department Tuesday auctioned $28 billion of four-week bills at a 0.015% high yield, a price of 99.998833.

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

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.025% high rate, off from 0.050% the week before, and the six-months incurred a 0.065% high rate, down from 0.100%.

The Conference Board’s Employment Trends Index fell to 100.5 in April from an upwardly revised 101.1 in March, originally reported as 100.9, and is up 6% from a year ago, the group announced Monday.

NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.025% high rate, off from 0.050% the prior week, and the six-months incurred a 0.065% high rate, down from 0.100% the week before.

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

NEW YORK – The Conference Board’s Employment Trends Index (ETI) fell to 100.5 in April from an upwardly revised 101.1 in March, originally reported as 100.9, and is up 6% from a year ago, the group announced Monday.

U.S. inflationary pressures were lower in April, as the U.S. future inflation gauge slid to 102.8 from a revised 104.7 in March, originally reported as 104.9, according to data released Friday morning by the Economic Cycle Research Institute.

While the national economy suffered through a “soft patch in activity” for the first three months of this year, growth should gain strength going forward, according to Federal Reserve Bank of New York president William Dudley.