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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Despite recent improvement in the economy, the jobs picture has been slow to improve, Federal Reserve Board chairman Ben Bernanke said Wednesday, adding that the federal budget deficit also needs to be addressed.
By Gary SiegelFebruary 9 -
NEW YORK - The Treasury Department auctioned $24 billion of 10-year notes with a 3 5/8% coupon at a 3.665% high yield, a price of 99.667623.
By Gary SiegelFebruary 9 -
NEW YORK – Despite recent improvement in the economy, the jobs picture has been slow to improve, Federal Reserve Board Chairman Ben S. Bernanke said today, adding that the federal budget deficit needs to be addressed.
By Gary SiegelFebruary 9 -
U.S. inflationary pressures were higher in January, as the future inflation gauge grew to 101.6 from a revised 100.5 in December, according to data released Friday by the Economic Cycle Research Institute.
By Gary SiegelFebruary 4 -
NEW YORK – Newly issued Treasury securities held in stripped form increased about $3.484 billion in January to a total of $200.899 billion, the Bureau of the Public Debt reported this afternoon.
By Gary SiegelFebruary 4 -
NEW YORK - U.S. inflationary pressures were higher in January, as the U.S. future inflation gauge grew to 101.6 from a revised 100.5 in December, according to data released this morning by the Economic Cycle Research Institute.
By Gary SiegelFebruary 4 -
Federal Reserve Board Chairman Ben S. Bernanke said Thursday that low inflation and high unemployment would normally trigger rate cuts, if they weren't already near zero and if growth were stronger.
By Gary SiegelFebruary 3 -
The U.S. services sector expanded at the fastest pace in nearly five years in January, rising to a seasonally adjusted 59.4 from 57.1 in December, the Institute for Supply Management reported Thursday.
By Gary SiegelFebruary 3 -
NEW YORK – While recovery continues, perhaps a little stronger than it has been, the low inflation rate combined with high unemployment would normally push the Federal Open Market Committee to cut rates, if they weren’t already near zero, Federal Reserve Board Chairman Ben S. Bernanke said Thursday.
By Gary SiegelFebruary 3 -
NEW YORK - The Treasury Department said it will auction $22 billion year bills on Tuesday, Feb. 8.
By Gary SiegelFebruary 3 -
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 SiegelFebruary 3 -
NEW YORK – The U.S. services sector expanded at a faster pace in January as new orders picked up, the Institute for Supply Management reported Thursday.
By Gary SiegelFebruary 3 -
NEW YORK - The European Central Bank announced its Governing Council held interest rates at current levels at its latest monetary policy meeting Thursday.
By Gary SiegelFebruary 3 -
Private-sector employment rose by 187,000 jobs in January on a seasonally adjusted basis as the labor market accelerated into the fastest pace of job creation in five years, according to the ADP National Employment Report released Wednesday.
By Gary SiegelFebruary 2 -
Mortgage loan applications rose 11.3% to a level of 491.7 in the week ended Jan. 28, according to the Mortgage Bankers Association.
By Gary SiegelFebruary 2 -
NEW YORK – The Treasury Department said Wednesday it will refund $72 billion in securities to raise 50.2 billion.
By Gary SiegelFebruary 2 -
Inclement weather continued to damp chain store sales, which fell 1.0% in the week ended Jan. 29, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released on Tuesday.
By Gary SiegelFebruary 1 -
U.S. manufacturing unexpectedly rose in January to the highest level since May 2004, according to the Institute for Supply Management.
By Gary SiegelFebruary 1 -
NEW YORK - The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.160% high yield, a price of 99.987556.
By Gary SiegelFebruary 1 -
NEW YORK – U.S. manufacturing increased in January, reaching its highest level since May 2004, according to the Institute for Supply Management.
By Gary SiegelFebruary 1
