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.
-
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 -
Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed Monday, as the three-months incurred a 0.150% high rate, down from 0.155% the previous week, and the six-months incurred a 0.200% high rate, up from 0.195%. Coupon equivalents were 0.152% and 0.203%, respectively.
By Gary SiegelJuly 26 -
Texas factory activity rebounded slightly in July, according to the monthly business activity survey released Monday by the Federal Reserve Bank of Dallas.
By Gary SiegelJuly 26 -
The Chicago Fed national activity index for June dropped to negative 0.63 from a revised reading of positive 0.31 in May, which originally was reported as positive 0.21.
By Gary SiegelJuly 26 -
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 0.150% high rate, down from 0.155% the prior week, and the six-months incurred a 0.200% high rate, up from 0.195% the week before.
By Gary SiegelJuly 26 -
NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, July 28.
By Gary SiegelJuly 26