Gary Siegel

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.

NEW YORK - The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.

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.

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.

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.

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.

NEW YORK - The Treasury Department said Thursday it will auction $32 billion 91-day bills and $30 billion 182-day discount bills Monday.

NEW YORK - The Treasury Department said it will auction $13 billion 29-year, 10-month notes on Thursday, April 14.

NEW YORK - The Treasury Department said it will auction $21 billion 9-year, 11-month notes on Wednesday, April 13.

NEW YORK - The Treasury Department said it will auction $32 billion three-year notes on Tuesday, April 12.

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.

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.

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.

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.

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.

NEW YORK - 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.

NEW YORK - 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.

The U.S. services sector expanded at a slower pace in March.

The shock to the economy from the residential housing market’s decline was so severe that the ensuing recession was going to be painful and challenging, “regardless of the policy response,” Federal Reserve Bank of Minneapolis president Narayana Kocherlakota told a workshop at the bank Tuesday.

Though a few members of the Federal Open Market Committee were uncertain about the benefits of buying $600 billion of longer-term Treasury securities by mid-year, they felt that the time was “not appropriate” to change quantitative easing at this point, according to minutes of the Feb. 15 FOMC meeting.