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 sold $25 billion 56-day cash management bills, dated Aug. 26, due Oct. 21, at a 0.140% high tender rate.
By Gary SiegelAugust 25 -
NEW YORK – Mortgage loan applications rose 4.9% on a seasonally adjusted basis in the week ended August 20, and grew 4.5% on an unadjusted basis, as refinancings increased as mortgage rates fell, the Mortgage Bankers Association reported Wednesday.
By Gary SiegelAugust 25 -
Manufacturing activity in the central Atlantic region advanced for the seventh straight month in August, albeit at a more moderate pace, according to a monthly business activity survey by the Federal Reserve Bank of Richmond.
By Gary SiegelAugust 24 -
NEW YORK - The Treasury Department today auctioned $37 billion of two-year notes with a 3/8% coupon at a 0.498% yield, a price of 99.755524.
By Gary SiegelAugust 24 -
NEW YORK - The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.260% high yield, a price of 99.737111.
By Gary SiegelAugust 24 -
NEW YORK - The Treasury Department Tuesday auctioned $34 billion of four-week bills at a 0.155% high yield, a price of 99.987944.
By Gary SiegelAugust 24 -
NEW YORK – “Service sector activity pulled back in August,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released today, “After three months of nearly flat sales, overall retail revenues declined, led by a sharp drop in big-ticket sales. Depressed shopper traffic added to the slump in retail activity. Merchants reduced inventories as they predicted weak demand for their products in the coming six months. Revenues at non-retail services firms also dropped in August, following five months of mild expansion. Services providers softened their outlook regarding demand for their services in the six months ahead.”
By Gary SiegelAugust 24 -
The Treasury Department Monday sold $7 billion of inflation-indexed 29-year, six-month bonds at a 1.768% yield, an adjusted price of 109.086149, with a 2 1/8% coupon.
By Gary SiegelAugust 23 -
The Chicago Fed National Activity Index for July improved to zero, its historical average, from a June reading of negative 0.70, the Federal Reserve Bank of Chicago reported Monday. The headline index for June was revised upward from an initial reading of negative 0.63.
By Gary SiegelAugust 23 -
NEW YORK - The Treasury Department Monday sold $7 billion of inflation-indexed 29-year six-month bonds at a 1.768% yield, an adjusted price of 109.086149, with a 2 1/8% coupon.
By Gary SiegelAugust 23 -
NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were flat, as the three-months incurred a 0.155% high rate, unchanged from 0.155% the prior week, and the six-months incurred a 0.185% high rate, unchanged from 0.185% the week before.
By Gary SiegelAugust 23 -
NEW YORK - The Treasury Department said it will auction $35 billion 21-day cash management bills on Wednesday, August 25.
By Gary SiegelAugust 23 -
NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, August 25.
By Gary SiegelAugust 23 -
NEW YORK - The Treasury Department said Monday it will sell $34 billion of four-week discount bills Tuesday.
By Gary SiegelAugust 23 -
NEW YORK - The Chicago Fed National Activity Index for July improved to zero, its historical average, from a revised negative 0.70 reading in June, originally reported as negative 0.63.
By Gary SiegelAugust 23 -
The U.S. labor market recorded 2.3% fewer mass layoff actions in July, with the number of mass terminations falling to 1,609 events on a seasonally adjusted basis, the Bureau of Labor Statistics reported Friday.
By Gary SiegelAugust 20 -
NEW YORK - Employers took 1,609 mass layoff actions in July that resulted in 143,703 lost jobs, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported Friday.
By Gary SiegelAugust 20 -
NEW YORK – Demand for petroleum increased 3.8% in July, compared to a year ago, even as demand for gasoline slowed, according to the American Petroleum Institute.
By Gary SiegelAugust 20 -
The Philadelphia region's manufacturing sector weakened in August as the general business conditions index tumbled to negative 7.7 from positive 5.1 in July, the Federal Reserve Bank of Philadelphia Report on Business indicates.
By Gary SiegelAugust 19 -
The composite index of leading economic indicators grew 0.1% in July, the Conference Board reported Thursday.
By Gary SiegelAugust 19