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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Economic growth appears to be weakening compared to estimates from three months ago, as those surveyed for the Federal Reserve Bank of Philadelphia’s third-quarter survey of professional forecasters cut estimates of gross domestic product growth to 2.3% from 3.3%.
By Gary SiegelAugust 13 -
The University of Michigan’s preliminary August consumer sentiment index reading was 69.6 compared to the final July 67.8, according to market sources.
By Gary SiegelAugust 13 -
NEW YORK – The fed funds rate must stay accommodative, but also must begin to rise now so increases can be slow and deliberate, Federal Reserve Bank of Kansas City President Thomas Hoenig said Friday.
By Gary SiegelAugust 13 -
NEW YORK – Economic growth appears to be weakening compared to estimates from three months ago, as those surveyed for the Federal Reserve Bank of Philadelphia’s third quarter survey of Professional Forecasters cut estimates of GDP growth this quarter to 2.3% from 3.3%.
By Gary SiegelAugust 13 -
NEW YORK - The University of Michigan's preliminary August consumer sentiment index reading was 69.6, compared to the final July 67.8, the preliminary July 66.5, and the final June 76.0, according to market sources.
By Gary SiegelAugust 13 -
The Treasury Department Thursday announced it will auction $30 billion of 91-day bills and $30 billion of 182-day discount bills on Monday.
By Gary SiegelAugust 12 -
The Treasury Department Thursday auctioned $16 billion of 30-year bonds with a 3 7/8% coupon at a 3.954% high yield and a price of 98.619129.
By Gary SiegelAugust 12 -
NEW YORK - The Treasury Department today auctioned $16 billion of 30-year bonds with a 3 7/8% coupon at a 3.954% high yield, a price of 98.619129.
By Gary SiegelAugust 12 -
NEW YORK - The Treasury Department said Thursday it will auction $30 billion 91-day bills and $30 billion 182-day discount bills Monday.
By Gary SiegelAugust 12 -
Mortgage loan application volume rose 0.6% in the week ending Aug. 6 on a seasonally adjusted basis from a week earlier, the Mortgage Bankers Association said.
By Gary SiegelAugust 11 -
NEW YORK - The Treasury Department auctioned $24 billion of 10-year notes with a 2 5/8% coupon at a 2.730% high yield, a price of 99.086655.
By Gary SiegelAugust 11 -
NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated Aug. 12, due Oct. 7, at a 0.135% high tender rate.
By Gary SiegelAugust 11 -
NEW YORK – Mortgage loan application volume increased 0.6% in the week ending August 6 on a seasonally adjusted basis from a week earlier, the Mortgage Bankers Association said Wednesday. On an unadjusted basis, the index increased 0.4% in the week.
By Gary SiegelAugust 11 -
NEW YORK - The Treasury Department today auctioned $34 billion of three-year notes with a 3/4% coupon at a 0.844% yield, a price of 99.722358.
By Gary SiegelAugust 10 -
NEW YORK - The Treasury Department Tuesday auctioned $31 billion of four-week bills at a 0.145% high yield, a price of 99.988722.
By Gary SiegelAugust 10 -
The Treasury Department Monday said it will sell $31 billion of four-week discount bills Tuesday.
By Gary SiegelAugust 9 -
Tender rates for the Treasury Department’s latest 92-day and 182-day discount bills were lower Monday, as the three-months incurred a 0.150% high rate, down from 0.155% a week before, and the six-months incurred a 0.190% high rate, down from 0.195%.
By Gary SiegelAugust 9 -
The Conference Board announced Monday that its employment trends index edged up to 97.0 in July from 96.7 in June, and was 9.8% higher than a year ago.
By Gary SiegelAugust 9 -
NEW YORK - Tender rates for the Treasury Department’s latest 92-day and 182-day discount bills were lower, as the three-months incurred a 0.150% high rate, down from 0.155% the prior week, and the six-months incurred a 0.190% high rate, down from 0.195% the week before.
By Gary SiegelAugust 9 -
NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, August 11.
By Gary SiegelAugust 9