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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If the economy continues to strengthen, the Fed's plan to buy $600 billion of longer-term Treasury securities may end early, Federal Reserve Bank of Philadelphia president and chief executive officer Charles Plosser said Wednesday.
By Gary SiegelFebruary 23 -
NEW YORK – If the economy continues to strengthen, the Fed’s plan to buy $600 billion of longer-term Treasury securities may be ended early, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Wednesday.
By Gary SiegelFebruary 23 -
NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 2 1/8% coupon, a 2.190% high yield, a price of 99.693745.
By Gary SiegelFebruary 23 -
NEW YORK - The Treasury Department Wednesday auctioned $40 billion of four-week bills at a 0.120% high yield, a price of 99.990667.
By Gary SiegelFebruary 23 -
NEW YORK - The Treasury Department Wednesday sold $25 billion 49-day cash management bills, dated Feb. 25, due April 15, at a 0.125% high tender rate.
By Gary SiegelFebruary 23 -
The Treasury Department Tuesday auctioned $35 billion of two-year notes with a 5/8% coupon at a 0.745% yield and a price of 99.762218.
By Gary SiegelFebruary 22 -
"Activity in the broad service sector continued to grow in February, despite weaker conditions at retail establishments," according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.
By Gary SiegelFebruary 22 -
"Manufacturing activity in the central Atlantic region expanded for the fifth straight month," according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond.
By Gary SiegelFebruary 22 -
The consumer confidence index gained to 70.4 in February from an upwardly revised 64.8 last month, the Conference Board reported Tuesday.
By Gary SiegelFebruary 22 -
NEW YORK - The Treasury Department Tuesday auctioned $35 billion of two-year notes with a 5/8% coupon at a 0.745% yield, a price of 99.762218.
By Gary SiegelFebruary 22 -
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 0.110% high rate, down from 0.130% the prior week, and the six-months incurred a 0.155% high rate, down from 0.165% the week before.
By Gary SiegelFebruary 22 -
NEW YORK - The Treasury Department said it will auction $25 billion 49-day cash management bills on Wednesday, February 23.
By Gary SiegelFebruary 22 -
NEW YORK - The Treasury Department said Tuesday it will sell $40 billion of four-week discount bills Wednesday.
By Gary SiegelFebruary 22 -
NEW YORK – “Activity in the broad service sector continued to grow in February, despite weaker conditions at retail establishments,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released today, “Retail sales slumped in February, as shopper traffic declined and big-ticket sales fell; inventories rose. Revenues grew at non-retail services firms, although slightly less rapidly than a month earlier. Looking ahead six months, survey respondents expected stronger consumer demand, although optimism among services providers was partly offset by a bleaker outlook from retailers, compared to a month ago.”
By Gary SiegelFebruary 22 -
NEW YORK – “Manufacturing activity in the central Atlantic region expanded for the fifth straight month,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond. “All broad indicators — shipments, new orders and employment — posted solid gains. Other indicators also suggested stronger activity.”
By Gary SiegelFebruary 22 -
NEW YORK - The consumer confidence index gained to 70.4 in February from an upwardly revised 64.8 last month, The Conference Board reported this morning.
By Gary SiegelFebruary 22 -
The Philadelphia region’s manufacturing sector continued to expand at a quicker pace in February as the general business conditions index jumped to 35.9 from 19.3 in January, according to this month’s Federal Reserve Bank of Philadelphia Report on Business.
By Gary SiegelFebruary 17 -
The composite index of leading economic indicators grew 1.0% in January, the Conference Board reported Thursday.
By Gary SiegelFebruary 17 -
NEW YORK – The economic recovery has proceeded at a “disappointing” pace and with the economy still far from where it needs to be, monetary polixy accommodation remains appropriate, according to Federal Reserve Bank of Chicago President and Chief Executive Officer Charles L. Evans.
By Gary SiegelFebruary 17 -
NEW YORK - The Treasury Department Monday sold $9 billion of inflation-indexed 30-year bonds at a 2.190% yield, an adjusted price of 98.655406, with a 2 1/8% coupon.
By Gary SiegelFebruary 17