Gary Siegel

NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.065% high rate, down from 0.130% the prior week, and the six-months incurred a 0.150% high rate, down from 0.210% the week before.

NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, June 16.

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

Standard & Poor’s has launched a taxable municipal bond index.

The University of Michigan’s consumer sentiment index exceeded economist expectations in June, rising to 75.5 from a final May reading of 73.6, according to market sources. Economists had predicted an increase to 74.5.

The Federal Reserve should start selling some non-Treasury assets “sooner rather than later” since they wouldn’t disrupt recovering financial markets, Federal Reserve Bank of Philadelphia president Charles Plosser said Friday.

NEW YORK – Weakness in the banking sector is deterring recovery in the labor markets, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said today.

NEW YORK - The University of Michigan's consumer sentiment index reading was 75.5, compared to the final May 73.6 reading, the 73.3 preliminary May, and the final April 72.2, according to market sources.

NEW YORK – The Federal Reserve should start selling some non-Treasury assets since the financial markets have recovered somewhat and the sales wouldn’t disrupt the markets, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said today.

The European Central Bank announced its Governing Council held interest rates at current levels at its latest monetary policy meeting yesterday. The minimum bid rate on variable-rate refinancing operations remained 1.00%, the marginal lending rate stayed at 1.75%, and the deposit rate — the floor for euro money market rates — was left at 0.25%.

NEW YORK - The Treasury Department today auctioned $13 billion of 29-year 11-month bonds with a 4 3/8% coupon at a 4.182% high yield, a price of 103.270808.

NEW YORK - The Treasury Department said today it will auction $27 billion 91-day bills and $27 billion 182-day discount bills Monday.

While moderate economic recovery continues, and should do so into next year, “significant restraints” still hold back the pace of recovery, Federal Reserve Board chairman Ben Bernanke testified yesterday.

NEW YORK - The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 3 1/2% coupon at a 3.242% high yield, a price of 102.169092.

NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated June 10, due Aug. 5, at a 0.095% high tender rate.

NEW YORK – Forecasting real gross domestic product growth of 3.3% in each half of 2010, Livingston Survey participants raised estimates from 2.6% growth in the first half and 3.0% in the second.

NEW YORK – While moderate economic recovery continues, and should do so into next year, “significant restraints” still hold back the pace of recovery Federal Reserve Board Chairman Ben S. Bernanke testified today.

The Treasury Department yesterday auctioned $36 billion of three-year notes with a 1 1/8% coupon at a 1.220% yield, a price of 99.720987.

Accommodative monetary policy will need to be reversed “eventually,” but it could take a “couple years” for a return to normal, according to Federal Reserve Bank of Chicago president and chief executive officer Charles L. Evans.

NEW YORK - The Treasury Department today auctioned $36 billion of three-year notes with a 1 1/8% coupon at a 1.220% yield, a price of 99.720987.