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.
-
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 -
NEW YORK - The Treasury Department said Monday it will sell $31 billion of four-week discount bills Tuesday.
By Gary SiegelJuly 26 -
NEW YORK - Texas factory activity, as measured by the production index, rebounded slightly in July, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released today.
By Gary SiegelJuly 26 -
NEW YORK - The Chicago Fed National Activity Index for June dropped to negative 0.63 from a revised positive 0.31 reading in May, originally reported as positive 0.21.
By Gary SiegelJuly 26 -
The composite index of leading economic indicators slid 0.2% in June, the Conference Board said Thursday. LEI was revised to up 0.5% in May. The coincident index was flat in June, while the lagging index rose 0.1%.
By Gary SiegelJuly 22 -
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 22 -
NEW YORK - The Treasury Department said it will auction $25 billion year bills on Tuesday, July 27.
By Gary SiegelJuly 22 -
NEW YORK - The Treasury Department said it will auction $25 billion year bills on Tuesday, July 27.
By Gary SiegelJuly 22 -
NEW YORK - The Treasury Department said it will auction $38 billion two-year notes on Tuesday, July 27 and $37 billion five-year notes on Wednesday, July 28.
By Gary SiegelJuly 22 -
NEW YORK - The Treasury Department said it will auction $29 billion seven-year notes on Thursday, July 29.
By Gary SiegelJuly 22 -
NEW YORK – Although the economic recovery has been “bumpy” as “relatively weak consumer spending” and continuing financial market woes restrain growth, “we think there is only a slight risk of a double dip,” Federal Reserve Bank of New York President and Chief Executive Officer William C. Dudley said Thursday.
By Gary SiegelJuly 22