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 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 -
The Conference Board’s employment trends index rose to 99.0 in December from 98.5 in November and is up 7.6% from a year ago, the group announced Monday. The November reading was revised downward from an initial level of 99.0.
By Gary SiegelJanuary 10 -
NEW YORK – The year-and-a-half-old economic recovery has momentum heading into 2011, but could be restrained by uncertainty, which continues told hold back spending, ongoing credit market repair and “consumer spending and the interplay between household finances and the housing market,” according to Federal Reserve Bank of Atlanta President and Chief Executive Officer Dennis P. Lockhart.
By Gary SiegelJanuary 10 -
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 0.150% high rate, unchanged from 0.150% the prior week, and the six-months incurred a 0.180% high rate, off from 0.190% the week before.
By Gary SiegelJanuary 10 -
NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, January 12.
By Gary SiegelJanuary 10 -
NEW YORK - The Treasury Department said Monday it will sell $25 billion of four-week discount bills Tuesday.
By Gary SiegelJanuary 10 -
NEW YORK – The Conference Board’s Employment Trends Index (ETI) ended the year on a high note, rising to 99.0 in December from a downwardly revised 98.5 in November, originally reported as 99.0, and is up 7.6% from a year ago, the group announced Monday.
By Gary SiegelJanuary 10 -
NEW YORK - The December Chicago Purchasing Managers’ Business Barometer was recalculated to at 66.8, compared to the previously announced 68.6, the National Association of Purchasing Management-Chicago said Monday.
By Gary SiegelJanuary 10 -
U.S. inflationary pressures were higher in November, as the U.S. future inflation gauge grew to 100.7 from 100.0 in November, according to data the Economic Cycle Research Institute released on Friday.
By Gary SiegelJanuary 7 -
Federal Reserve Board chairman Ben Bernanke said Friday that the economic recovery should be a little stronger this year than in 2010 and “a self-sustaining recovery” in consumer and business spending may be taking hold even as federal deficits threaten the economy.
By Gary SiegelJanuary 7 -
NEW YORK - U.S. inflationary pressures were higher in December, as the U.S. future inflation gauge grew to 100.7 from a revised 100.0 in November, originally reported as 99.6, according to data released this morning by the Economic Cycle Research Institute.
By Gary SiegelJanuary 7 -
NEW YORK – The economic recovery should be a little stronger in 2011 than in 2010 and “a self-sustaining recovery in consumer and business spending may be taking hold,” but federal deficits threaten the economy, Federal Reserve Board Chairman Ben S. Bernanke told the Senate Committee on the Budget Friday.
By Gary SiegelJanuary 7 -
NEW YORK – Newly issued Treasury securities held in stripped form decreased about $493 million in December to a total of $197.414 billion, the Bureau of the Public Debt reported this afternoon.
By Gary SiegelJanuary 6 -
NEW YORK - The Treasury Department said it will auction $13 billion 29-year, 10-month notes on Thursday, Jan. 13.
By Gary SiegelJanuary 6 -
NEW YORK - The Treasury Department said it will auction $21 billion 9-year, 10-month notes on Wednesday, Jan. 12.
By Gary SiegelJanuary 6 -
NEW YORK - The Treasury Department said it will auction $22 billion year bills on Tuesday, Jan. 11.
By Gary SiegelJanuary 6