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 - 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.
By Gary SiegelMay 9 -
NEW YORK - The Treasury Department said Monday it will sell $28 billion of four-week discount bills Tuesday.
By Gary SiegelMay 9 -
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.
By Gary SiegelMay 9 -
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.
By Gary SiegelMay 6 -
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.
By Gary SiegelMay 6 -
NEW YORK - Consumer borrowing increased by $6 billion in March to a seasonally adjusted $2.426.5 trillion from $2.419.5 trillion in February, a 3.0% increase, the Federal Reserve reported Friday.
By Gary SiegelMay 6 -
NEW YORK – While the national economy suffered through a “soft patch in activity” for the first three months of this, growth should strengthen ahead, according to Federal Reserve Bank of New York President William Dudley.
By Gary SiegelMay 6 -
NEW YORK - 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.
By Gary SiegelMay 6 -
Based on his predictions of core personal-consumption expenditure inflation rising slowly this year, and remaining under 2%, a rate hike by the end of the year “would be desirable,” Federal Reserve Bank of Minneapolis president Narayana Kocherlakota said Thursday.
By Gary SiegelMay 5 -
NEW YORK – Newly issued Treasury securities held in stripped form increased about $5.028 billion in April to a total of $203.966 billion, the Bureau of the Public Debt reported this afternoon.
By Gary SiegelMay 5 -
NEW YORK – Based on his predictions of core PCE inflation rising slowly this year, and remaining under 2%, a rate hike by the end of the year “would be desirable,” Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Thursday.
By Gary SiegelMay 5 -
NEW YORK - The Treasury Department said Thursday it will auction $29 billion 91-day bills and $27 billion 182-day discount bills Monday.
By Gary SiegelMay 5 -
NEW YORK - The European Central Bank announced its Governing Council held interest rates, at its latest monetary policy meeting Thursday.
By Gary SiegelMay 5 -
NEW YORK – While gas and food price hikes have yet to translate into higher underlying inflation, Federal Reserve Bank of Dallas President Richard W. Fisher said, prices must be watched.
By Gary SiegelMay 4 -
The U.S. services sector expanded at a slower pace as the non-manufacturing business activity composite index was 52.8 in April compared to 57.3 in March on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.
By Gary SiegelMay 4 -
The Treasury Department said Wednesday it will offer $72 billion of securities that will raise new cash: $32 billion of three-year notes on Tuesday, $24 billion 10-year notes on Wednesday, and $16 billion 30-year bonds on Thursday.
By Gary SiegelMay 4 -
Since the recovery remains “tentative” and unemployment is high, monetary policy should remain “very accommodative,” Federal Reserve Bank of Boston president Eric Rosengren said Wednesday. He also said he would not use monetary policy to respond to rising food and energy prices.
By Gary SiegelMay 4 -
NEW YORK – The U.S. services sector expanded at a slower pace in as the non-manufacturing business activity composite index was 52.8 in April, compared to 57.3 in March, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.
By Gary SiegelMay 4 -
NEW YORK – The Treasury Department will offer $72 billion of securities that will raise new cash: $32 billion of three-year notes on Tuesday, $24 billion 10-year notes on Wednesday; and $16 billion 30-year bonds on Thursday.
By Gary SiegelMay 4 -
NEW YORK – Since the recovery remains “tentative” and unemployment is high, monetary policy should remain “ very accommodative,” Federal Reserve Bank of Boston President Eric Rosengren said Wednesday.
By Gary SiegelMay 4