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 Chicago Fed Midwest Manufacturing Index jumped 1.7% in May to a seasonally adjusted level of 86.7 after the April report showed a revised 1.3% increase to 85.2, originally reported as a 1.2% rise to 85.2, the Federal Reserve Bank of Chicago reported today.
By Gary SiegelJune 28 -
NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.160% high rate, up from 0. 115% the prior week, and the six-months incurred a 0.215% high rate, up from 0.170% the week before.
By Gary SiegelJune 28 -
NEW YORK - The Treasury Department said it will sell $36 billion of four-week discount bills tomorrow.
By Gary SiegelJune 28 -
NEW YORK - Texas factory activity decreased in June after seventh monthly increases, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released today.
By Gary SiegelJune 28 -
NEW YORK - The Chicago Fed National Activity Index for May slipped to positive 0.21 from a revised positive 0.25 reading in April, originally reported as positive 0.29.
By Gary SiegelJune 28 -
The University of Michigan's final June consumer sentiment index reading edged past economists' expectations to reach a 29-month high of 76 in June, according to market sources.
By Gary SiegelJune 25 -
NEW YORK - The University of Michigan's final June consumer sentiment index reading was 76.0, compared to the preliminary 75.5, the final May 73.6 reading, and the final April 72.2, according to market sources.
By Gary SiegelJune 25 -
The Treasury Department yesterday auctioned $30 billion of seven-year notes with a 2.500% coupon, a 2.575% high yield, and a price of 99.522396. The bid-to-cover ratio was 3.01. Tenders at the high yield were allotted 65.69%. The median yield was 2.530%. The low yield was 2.385%.
By Gary SiegelJune 24 -
NEW YORK - The Treasury Department auctioned $30 billion of seven-year notes, with a 2.500% coupon, a 2.575% high yield, a price of 99.522396.
By Gary SiegelJune 24 -
NEW YORK - The Treasury Department said it will auction $25 billion year bills on Tuesday, June 29.
By Gary SiegelJune 24 -
NEW YORK - The Treasury Department said today it will auction $28 billion 91-day bills and $28 billion 182-day discount bills Monday.
By Gary SiegelJune 24 -
NEW YORK - Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “eased slightly in June, and producers were somewhat less optimistic than in previous months,” according to the bank’s monthly manufacturing survey, released today.
By Gary SiegelJune 24 -
NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated June 24, due Aug. 19, at a 0.120% high tender rate.
By Gary SiegelJune 23 -
The Treasury Department yesterday auctioned $40 billion of two-year notes with a 5/8% coupon at a 0.738% yield, a price of 99.776070.
By Gary SiegelJune 22 -
Manufacturing activity in the central Atlantic region expanded for a fifth consecutive month in June, albeit at a slower pace, according to the Federal Reserve Bank of Richmond’s monthly business activity survey.
By Gary SiegelJune 22 -
NEW YORK - The Treasury Department today auctioned $40 billion of two-year notes with a 5/8% coupon at a 0.738% yield, a price of 99.776070.
By Gary SiegelJune 22 -
NEW YORK - The Treasury Department today auctioned $32 billion of four-week bills at a 0.085% high yield, a price of 99.993389.
By Gary SiegelJune 22 -
NEW YORK – “Activity softened in the Fifth District service sector in June,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released today, “Revenue expansion at non-retail businesses slowed and retail sales were nearly flat, hampered in part by a continued slump in big-ticket sales. In addition, shopper traffic waned and inventory reductions slowed.”
By Gary SiegelJune 22 -
NEW YORK – “Manufacturing activity in the central Atlantic region expanded for the fifth consecutive month,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond. “Looking at the main components of activity, shipments were virtually unchanged, while employment grew at a modest pace, and new orders grew more slowly. Other indicators varied. Growth in backlogs moderated considerably this month and capacity utilization fell below its all-time high readings seen in April and May. Vendor lead-time continued to grow at a solid pace, while inventories grew at a somewhat slower rate.”
By Gary SiegelJune 22 -
The Treasury Department yesterday auctioned $31 billion of four-week bills at a 0.030% high yield, a price of 99.997667.
By Gary SiegelJune 21