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 – Inventory correction has been completed and manufacturing, housing and consumer spending all trend weaker in the near future, leading Federal Reserve Bank of Dallas President Richard W. Fisher to expect gross domestic product growth under 3% for a “prolonged period.”
By Gary SiegelJuly 29 -
NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 3/8% coupon, a 2.394% high yield, a price of 99.878150.
By Gary SiegelJuly 29 -
NEW YORK - The Treasury Department said today it will auction $30 billion 91-day bills and $30 billion 182-day discount bills Monday.
By Gary SiegelJuly 29 -
NEW YORK - Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “rebounded moderately in July, and expectations for future production remained positive. However, plans for future hiring and capital spending were essentially flat. Price indexes were mostly unchanged,” according to the bank’s monthly manufacturing survey, released today.
By Gary SiegelJuly 29 -
The Treasury Department Wednesday auctioned $37 billion of five-year notes with a 1 3/4% coupon, a 1.796% high yield, and a price of 99.781106.
By Gary SiegelJuly 28 -
Mortgage loan application volume dropped 4.4% on a seasonally adjusted basis in the week ended July 23, the Mortgage Bankers Association’s weekly mortgage applications survey indicated.
By Gary SiegelJuly 28 -
NEW YORK - The Treasury Department auctioned $37 billion of five-year notes, with a 1 3/4% coupon, a 1.796% high yield, a price of 99.781106.
By Gary SiegelJuly 28 -
NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated July 29, due Sept. 23, at a 0.155% high tender rate.
By Gary SiegelJuly 28 -
NEW YORK – Mortgage loan application volume dropped 4.4% on a seasonally adjusted basis in the week ended July 23, while on an unadjusted basis, volume fell 4.2%, the Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey indicated.
By Gary SiegelJuly 28 -
Chain store sales rose 0.6% during the seven days ending July 24 from the previous week, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot, released Tuesday.
By Gary SiegelJuly 27 -
The Chicago Fed Midwest Manufacturing Index dipped 0.5% in June to a seasonally adjusted level of 79.4, the Federal Reserve Bank of Chicago reported Tuesday.
By Gary SiegelJuly 27 -
Manufacturing activity in the central Atlantic region expanded for the sixth consecutive month in July, but at a more moderate pace, according to the Federal Reserve Bank of Richmond’s monthly business activity survey.
By Gary SiegelJuly 27 -
The consumer confidence index slumped to a five-month-low of 50.4 in July, as it deteriorated more than economists expected from a June reading of 54.3, the Conference Board reported Tuesday.
By Gary SiegelJuly 27 -
NEW YORK - The Treasury Department today auctioned $38 billion of two-year notes with a 5/8% coupon at a 0.665% yield, a price of 99.920863.
By Gary SiegelJuly 27 -
NEW YORK - The Chicago Fed Midwest Manufacturing Index dipped 0.5% in June to a seasonally adjusted level of 79.4 after the May report showed a revised 1.7% increase to 79.7, originally reported as a 1.7% rise to 86.7, the Federal Reserve Bank of Chicago reported today.
By Gary SiegelJuly 27 -
NEW YORK - The Treasury Department Tuesday auctioned $31 billion of four-week bills at a 0.155% high yield, a price of 99.987944.
By Gary SiegelJuly 27 -
NEW YORK - The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.295% high yield, a price of 99.701722.
By Gary SiegelJuly 27 -
NEW YORK – “Service sector revenues picked up in July, fueled by solid gains at non-retail services firms,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released today, “Retail sales remained flat, however, while big-ticket sales dropped sharply. Shopper traffic also fell this month. Retail inventories declined, although reductions were somewhat less prevalent than a month ago. Retail merchants and survey respondents at non-retail firms were upbeat about sales prospects for the next six months.”
By Gary SiegelJuly 27 -
NEW YORK – “Manufacturing activity in the central Atlantic region expanded for the sixth consecutive month but at a more moderate pace in July,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond. “Looking at our main components of activity, employment continued to grow at a modest rate, while shipments and new orders grew at a rate below June's pace. Most other indicators also suggested slower growth. Backlogs eased and capacity utilization continued to grow more slowly. Vendor lead-time grew at a considerably slower rate, while inventories grew at a somewhat quicker pace.”
By Gary SiegelJuly 27 -
NEW YORK - The consumer confidence index slumped to 50.4 in July from an upwardly revised 54.3 last month, The Conference Board reported this morning.
By Gary SiegelJuly 27