Gary Siegel

The Treasury Department Wednesday auctioned $21 billion of nine-year, 10-month notes with a 2 5/8% coupon at a 2.475% high yield and a price of 101.298742.

NEW YORK - The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2 5/8% coupon at a 2.475% high yield, a price of 101.298742.

NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated October 14, due December 9, at a 0.150% high tender rate.

NEW YORK - The Treasury Department Wednesday auctioned $25 billion of four-week bills at a 0.140% high yield, a price of 99.988722.

NEW YORK - Mortgage loan application volume surged 14.6% on a seasonally adjusted basis from one week earlier as refinancings jumped 21.0%, according to the Mortgage Bankers Association Weekly Mortgage Applications Survey for the week ending October 8, which was released Wednesday.

The Conference Board’s employment trends index slid to 97.0 in September from an upwardly revised 97.3 in August, and is 9.3% higher than a year ago, the business group announced Tuesday.

“Legitimate reasons” exist to be cautious about quantitative easing and the Fed should consider the costs and benefits before undertaking the task, Federal Reserve Bank of Kansas City president Thomas M. Hoenig said Tuesday.

Despite “unsatisfactory” movement toward maximum employment and price stability, the Federal Open Market Committee agreed to keep the target range for the federal funds rate at 0.00% to 0.25% and to leave unchanged the level of its holdings of Treasury, agency debt, and mortgage-backed securities, according to the minutes of the Sept. 21 meeting released Tuesday.

NEW YORK – Despite “unsatisfactory” movement toward maximum employment and price stability, the Federal Open Market Committee agreed to keep the target range for the federal funds rate of 0 to ¼ percent and to leave unchanged the level of the combined holdings of Treasury, agency debt, and agency mortgage-backed securities in the SOMA.

NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 1/2% coupon at a 0.569% yield, a price of 99.795046.

NEW YORK – “Legitimate reasons” exist to be cautious regarding quantitative easing, and before undertaking the task, the Fed should consider the costs and benefits, Federal Reserve Bank of Kansas City President Thomas M. Hoenig said Tuesday.

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 0.125% high rate, off from 0. 130% the prior week, and the six-months incurred a 0.165% high rate, down from 0.185% the week before.

NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, October 13.

NEW YORK - The Treasury Department said Tuesday it will sell $25 billion of four-week discount bills Wednesday.

NEW YORK – The Conference Board’s Employment Trends Index (ETI) slid to 97.0 in September from an upwardly revised 97.3 in August, originally reported as 97.0, and is up 9.3% from a year ago, but only 0.6% higher than April, the group announced Tuesday.

Confidence in the economy among chief executives fell to a level of 50 in the third quarter of 2010 from 62 in the preceding April-June period, according to the Conference Board’s measure of CEO confidence.

NEW YORK - U.S. inflationary pressures were higher in September, as the U.S. future inflation gauge rose to 98.0 from 97.3 in August, according to data released this morning by the Economic Cycle Research Institute.

The European Central Bank announced its Governing Council held interest rates at current levels at its latest monetary policy meeting Thursday.

The Treasury Department said Thursday it will auction $29 billion of 91-day bills and $29 billion of 182-day discount bills on Tuesday.

Federal Reserve Bank of Dallas president Richard Fisher reacted to calls for further qualitative easing from his Fed peers Thursday by saying the efficiency of further accommodation has not been established.