Gary Siegel

NEW YORK – The Treasury Department will sell $74 billion of securities -- $34 billion 3-year notes on August 10, $24 billion in 10-year notes on August 11 and $16 billion in 30-year bonds on August 12 – to raise $41 billion.

NEW YORK – Mortgage loan application volume increased 1.3% seasonally adjusted in the week ending July 30, and rose 1.4% on an unadjusted basis, the Mortgage Bankers Association said Wednesday.

The Treasury Department Tuesday auctioned $31 billion of four-week bills at a 0.150% high yield an a price of 99.988333. The coupon equivalent was 0.152%. The bid-to-cover ratio was 4.51. Tenders at the high rate were allotted 2.20%.

The pending home sales index fell 2.6% in June to a record low reading of 75.7 as residential housing continued to struggle due to the expiration of the federal home-purchase tax credit, the National Association of Realtors said Tuesday.

NEW YORK - The Treasury Department Tuesday auctioned $31 billion of four-week bills at a 0.150% high yield, a price of 99.988333.

NEW YORK - Pending home sales fell 2.6% to a reading of 75.7 in June, a record low, from a revised 29.9% decrease to 77.7 in May, originally reported as a 30.0% decrease to 77.6, according to an index released today by the National Association of Realtors.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed Monday, as the three-months incurred a 0.155% high rate, up from 0.150% the previous week, and the six-months incurred a 0.195% high rate, down from 0.200%.

U.S. manufacturing activity slowed in July to its lowest level of 2010 as the Institute for Supply Management factory gauge fell to 55.5 from 56.2 in May, according to data released Monday.

Though the financial crisis seems to be history and the economy is stable, Federal Reserve Board chairman Ben Bernanke said Monday that considerably more recovery is needed.

NEW YORK – The Treasury Department announced today it expects to borrow $350 billion in the third quarter, up from $344 billion borrowed in the second quarter, but $26 billion less than Treasury expected it would be borrowing in the quarter in its previous estimate.

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 0.155% high rate, up from 0.150% the prior week, and the six-months incurred a 0.195% high rate, down from 0.200% the week before.

NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, August 5.

NEW YORK - The Treasury Department said Monday it will sell $31 billion of four-week discount bills Tuesday.

NEW YORK – About 4,293,300 online job postings appeared on leading Internet job boards in July, up 139,200 from June, The Conference Board reported today.

NEW YORK – Although the financial crisis seems to be history and the economy is stable, there is considerably more recovery needed, Federal Reserve Board Chairman Ben S. Bernanke said Monday.

NEW YORK - The overall economy grew for the fifteenth straight time after seven months of contraction, while the manufacturing sector expanded for the twelfth time after eighteenth months of contraction, the Institute for Supply Management reported this morning.

The University of Michigan’s final July consumer sentiment index reading fell to 67.8 from a 76.0 in June, according to market sources.

The Chicago Purchasing Managers’ Business Barometer rose to 62.3 in July from 59.1 in June, the National Association of Purchasing Management-Chicago said Friday.

NEW YORK – The seasonally adjusted Milwaukee Index climbed to 66 in July from 59 in June, according to the Institute for Supply Management-Milwaukee.

NEW YORK - The University of Michigan's final July consumer sentiment index reading was 67.8, compared to the preliminary July 66.5, the final June 76.0, and the final May 73.6 reading, according to market sources.