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 auctioned $21 billion of 9-year 10-month notes with a 3 5/8% coupon at a 3.494% high yield, a price of 101.075834.
By Gary SiegelApril 13 -
NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 1-1/4% coupon at a 1.280% yield, a price of 99.911982.
By Gary SiegelApril 12 -
NEW YORK - The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.025% high yield, a price of 99.998056.
By Gary SiegelApril 12 -
Rising demand and disrupted supplies caused a spike in commodity prices over the past year, and it is unlikely that they will cause consumer inflation or derail the recovery, so it does not warrant any substantial shift in the stance of monetary policy, Federal Reserve Board vice chairwoman Janet Yellen told the Economic Club of New York Monday.
By Gary SiegelApril 11 -
NEW YORK – Rising demand and disrupted supplies caused a spike in commodities prices over the past year, and it is unlikely that they will cause consumer inflation or derail the recovery, so it does not warrant any substantial shift in the stance of monetary policy,” Federal Reserve Board Vice Chair Janet L. Yellen told the Economic Club of New York Monday.
By Gary SiegelApril 11 -
NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.050% high rate, unchanged from 0.050% the prior week, and the six-months incurred a 0.110% high rate, down from 0.130% the week before.
By Gary SiegelApril 11 -
NEW YORK - The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.
By Gary SiegelApril 11 -
While praising the Federal Reserve for pulling America from the brink “when the panic of 2008 occurred,” Federal Reserve Bank of Dallas president and chief executive Richard W. Fisher Friday warned that there are costs to the Fed “overstaying its welcome” and suggested it consider cutting back its latest accommodation.
By Gary SiegelApril 8 -
NEW YORK – While praising the Federal Reserve for pulling America from the brink “when the Panic of 2008 occurred,” Federal Reserve Bank of Dallas President and CEO Richard W. Fisher Friday warned that there are costs to the Fed “overstaying its welcome” and suggested the Fed consider cutting back its latest accommodation.
By Gary SiegelApril 8 -
Since food and energy prices have been quite volatile recently, this would be “an opportune time” for the Fed to announce “an explicit numerical inflation objective,” Federal Reserve Bank of Cleveland president Sandra Pianalto said Thursday.
By Gary SiegelApril 7 -
The European Central Bank announced its Governing Council raised interest rates by 25 basis points, effective with operations to be settled on April 13, at its latest monetary policy meeting Thursday.
By Gary SiegelApril 7 -
NEW YORK - The Treasury Department said Thursday it will auction $32 billion 91-day bills and $30 billion 182-day discount bills Monday.
By Gary SiegelApril 7 -
NEW YORK - The Treasury Department said it will auction $13 billion 29-year, 10-month notes on Thursday, April 14.
By Gary SiegelApril 7 -
NEW YORK - The Treasury Department said it will auction $21 billion 9-year, 11-month notes on Wednesday, April 13.
By Gary SiegelApril 7 -
NEW YORK - The Treasury Department said it will auction $32 billion three-year notes on Tuesday, April 12.
By Gary SiegelApril 7 -
NEW YORK – Since food and energy prices have been quite volatile recently, this would be “an opportune time” for the Fed to announce “an explicit numerical inflation objective,” Federal Reserve Bank of Cleveland President Sandra Pianalto said Thursday.
By Gary SiegelApril 7 -
NEW YORK - The European Central Bank announced its Governing Council raised interest rates by 25 basis points, effective with operations to be settled on April 13, at its latest monetary policy meeting Thursday.
By Gary SiegelApril 7 -
Mortgage applications dropped 2.0% in the week ended April 1, as refinancings fell, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
By Gary SiegelApril 6 -
The Chicago Fed Midwest manufacturing index rose 1.3% in February to a seasonally adjusted level of 83.3, as the steel, machinery, and auto sectors all showed improvement, the Federal Reserve Bank of Chicago reported Wednesday.
By Gary SiegelApril 6 -
NEW YORK – Newly issued Treasury securities held in stripped form decreased about $845 million in March to a total of $198.938 billion, the Bureau of the Public Debt reported this afternoon.
By Gary SiegelApril 6