Gary Siegel

NEW YORK - The Treasury Department today sold $26 billion 5-day cash management bills, dated June 10, due June 15, at a 0.160% high tender rate.

NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.090% high yield, a price of 99.993000.

NEW YORK – 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.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 0.130% high rate, down from 0.160%, and the six-months incurred a 0.210% high rate, down from 0.220% the previous week.

The Conference Board’s employment trends index rose 0.5% to 95.7 in May from a revised 95.2 in April, which was originally reported as 94.7.

The U.S. economy will improve this year and remain at that level in 2011 as inflation ticks up and employment trends down, according to participants in the Federal Reserve Bank of Chicago automotive outlook symposium.

NEW YORK – The U.S. economy will improve this year and remain at that level next year as inflation ticks up and employment trends down, according to participants in the Federal Reserve Bank of Chicago automotive outlook symposium.

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 0.130% high rate, down from 0.160% the prior week, and the six-months incurred a 0.210% high rate, down from 0.220% the week before.

NEW YORK - The Treasury Department said it will auction $26 billion 5-day cash management bills on Tuesday, June 8.

NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, June 9.

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

NEW YORK – The Conference Board’s Employment Trends Index (ETI) rose 0.5% to 95.7 in May from a revised rise to 95.2 in April, which was originally reported as a 0.9% increase to 94.7, and is up almost 9% from a year ago, the group announced today.

U.S. inflationary pressures were lower in May as the U.S. future inflation gauge fell to 98.9 from an upwardly revised 101.8 in April, according to data released Friday by the Economic Cycle Research Institute.

NEW YORK – Newly issued Treasury securities held in stripped form decreased about $242 million in May to a total of $179.113 billion, the Bureau of the Public Debt reported this afternoon.

The Institute for Supply Management’s non-manufacturing business activity composite index was 55.4 in May, unchanged from April, on a seasonally adjusted basis, the group said yesterday.

The federal funds rate will not have to remain near zero until most of the employment losses from the recession are recovered, Federal Reserve Bank of Atlanta president and chief executive officer Dennis Lockhart said yesterday.

NEW YORK – Low interest rates encourage borrowing and debt that often have negative outcomes, Federal Reserve Bank of Kansas City President Thomas M. Hoenig said today.

NEW YORK - The Treasury Department said it will auction $13 billion 29-year, 11-month notes on Thursday, June 10.

NEW YORK - The Treasury Department said it will auction $36 billion three-year notes on Tuesday, June 8.

NEW YORK - The Treasury Department said it will auction $21 billion 9-year, 11-month notes on Wednesday, June 9.