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 today auctioned $13 billion of 29-year 10-month bonds with a 4 1/4% coupon at a 4.515% high yield, a price of 95.669689.
By Gary SiegelJanuary 13 -
NEW YORK - The Treasury Department said it will auction $13 billion 10-year inflation-protected notes on Thursday, January 20.
By Gary SiegelJanuary 13 -
NEW YORK - The Treasury Department said Thursday it will auction $29 billion 91-day bills and $28 billion 182-day discount bills Tuesday.
By Gary SiegelJanuary 13 -
NEW YORK – The Federal Reserve Bank of Philadelphia issued its annual historical revisions Thursday, with the December general business conditions index cut to 20.8 from 24.3.
By Gary SiegelJanuary 13 -
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 SiegelJanuary 13 -
Richard Fisher, president of the Federal Reserve Bank of Dallas, said Wednesday that the Fed should discontinue its Treasury purchases.
By Gary SiegelJanuary 12 -
WASHINGTON – The U.S. government recorded an $80.0 billion deficit in December, the Treasury Department reported Wednesday.
By Gary SiegelJanuary 12 -
NEW YORK - The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2 5/8% coupon at a 3.388% high yield, a price of 93.664061.
By Gary SiegelJanuary 12 -
NEW YORK – The Federal Reserve should not continue Treasury purchases, Federal Reserve Bank of Dallas President and CEO Richard W. Fisher told an audience in New York Wednesday.
By Gary SiegelJanuary 12 -
NEW YORK - The Treasury Department Wednesday sold $25 billion 56-day cash management bills, dated January 13, due March 10, at a 0.155% high tender rate.
By Gary SiegelJanuary 12 -
Falling property prices were the underlying cause of the recent recession, according to Federal Reserve Bank of Minneapolis president Narayana Kocherlakota.
By Gary SiegelJanuary 11 -
The Federal Reserve’s accommodative policy may prove problematic without steps to remove accommodation, Federal Reserve Bank of Philadelphia president Charles Plosser said Tuesday.
By Gary SiegelJanuary 11 -
NEW YORK – The underlying cause of the recent recession, the drop in land prices, dictated a painful, challenging period regardless of any policy response, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Tuesday.
By Gary SiegelJanuary 11 -
NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 1% coupon at a 1.027% yield, a price of 99.920611.
By Gary SiegelJanuary 11 -
NEW YORK - The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.145% high yield, a price of 99.988722.
By Gary SiegelJanuary 11 -
NEW YORK - The Treasury Department Tuesday auctioned $22 billion of 364-day bills at a 0.275% high yield, a price of 99.721944.
By Gary SiegelJanuary 11 -
NEW YORK – The Federal Reserve’s accommodative policy “may soon backfire” unless steps are taken to remove accommodation, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Tuesday.
By Gary SiegelJanuary 11 -
NEW YORK – Chain store sales dropped 3.2% in the week ended Jan. 8, as consumers abandoned stores after the holidays, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday:
By Gary SiegelJanuary 11 -
The Chicago Purchasing Managers’ Business Barometer was revised downward to a December reading of 66.8 from a previous level of 68.6, the National Association of Purchasing Management-Chicago said Monday.
By Gary SiegelJanuary 10 -
Dennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, said the 18-month-old economic recovery gained momentum heading into 2011, but could be restrained by uncertainty.
By Gary SiegelJanuary 10