Gary Siegel

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.

NEW YORK - The Treasury Department said it will auction $25 billion 49-day cash management bills on Wednesday, February 23.

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

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.”

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.”

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.

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.

The composite index of leading economic indicators grew 1.0% in January, the Conference Board reported Thursday.

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.

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.

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

NEW YORK - The Treasury Department said it will auction $35 billion two-year notes on Tuesday, February 22, and $35 billion five-year notes on Wednesday, February 23.

NEW YORK - The Treasury Department said it will auction $29 billion seven-year notes on Thursday, February 24.

NEW YORK – The 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, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.

NEW YORK - The composite index of Leading Economic Indicators grew 1.0% in January, the Conference Board reported Thursday.

Federal Reserve officials at the most recent meeting of the Federal Open Market Committee “expressed greater confidence” of a sustained economic recovery, strengthening gradually in the “coming quarters” based on economic indicators and business contacts, according to the minutes of the latest FOMC meeting, released Wednesday.

NEW YORK – Federal Reserve official at the most recent meeting of the Federal Open Market Committee “expressed greater confidence” of a sustained economic recovery, strengthening gradually in the “coming quarters” based on economic indicators and business contacts, according to the minutes of the latest FOMC meeting, released Wednesday.

Builders’ confidence in the market for new single-family homes was steady as the National Association of Home Builders’ housing market index — a monthly gauge of builder sentiment — remained 16 in February, its fourth consecutive month at that low level.

The Empire State Manufacturing Survey showed “conditions for New York manufacturers continued to improve in February,” the Federal Reserve Bank of New York reported Tuesday, as the general business conditions index gained to 15.43 in the month from 11.92 in January.

Economic growth will be moderate this year as the nation still faces headwinds — specifically housing and unemployment, Federal Reserve Bank of Cleveland president Sandra Pianalto said Tuesday.