Gary Siegel

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.

NEW YORK - Reacting to other Federal Reserve Bank presidents' calls for further qualitative easing, Richard W. Fisher Federal Reserve Bank of Dallas President and CEO said "the efficacy of further accommodation at this point has yet to be established."

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

NEW YORK - The Treasury Department said it will auction $13 billion 29-year, 10-month notes on Thursday, Oct. 14.

NEW YORK - The Treasury Department said it will auction $21 billion 9-year, 10-month notes on Wednesday, Oct. 13.

NEW YORK - The Treasury Department said it will auction $32 billion three-year notes on Tuesday, Oct. 12.

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

The Treasury Department Wednesday sold $25 billion of 56-day cash management bills, dated Oct. 7 and due Dec. 2, at a 0.145% high tender rate.

Mortgage loan application volume slipped 0.2% on a seasonally adjusted basis in the week ending Oct. 1, according to the Mortgage Bankers Association’s weekly mortgage applications survey, released Wednesday.

Private-sector employment fell by 39,000 in September from August on a seasonally adjusted basis, according to the ADP National Employment Report released Wednesday.

NEW YORK – Newly issued Treasury securities held in stripped form increased about $7.268 million in September to a total of $194.033 billion, the Bureau of the Public Debt reported this afternoon.