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.
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The Fed is carefully preparing its plan for removing the unprecedented economic stimulus at the appropriate time, Federal Reserve vice chairman Donald L. Kohn said yesterday.
By Gary SiegelMay 13 -
Uncertainty from several fronts will push down gross domestic product growth and prevent a V-shaped recovery, Federal Reserve Bank of Minneapolis president Narayana Kocherlakota said yesterday.
By Gary SiegelMay 13 -
NEW YORK - The Treasury Department today auctioned $16 billion of 30-year bonds with a 4 3/8% coupon at a 4.490% high yield, a price of 98.114367.
By Gary SiegelMay 13 -
NEW YORK – Uncertainty from several fronts will push down GDP growth and prevent a V-shaped recovery, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said today.
By Gary SiegelMay 13 -
NEW YORK - The Treasury Department said today it will auction $26 billion 91-day bills and $26 billion 182-day discount bills Monday.
By Gary SiegelMay 13 -
NEW YORK – The Fed is carefully preparing its plan for removing the unprecedented economic stimulus at the appropriate time, Federal Reserve Vice Chairman Donald L. Kohn said today.
By Gary SiegelMay 13 -
The U.S. economy is recovering and monetary policy remains accommodative, but the crisis in Greece needs to be watched because it is already causing volatility in world markets, Federal Reserve Bank of St. Louis president James Bullard said yesterday.
By Gary SiegelMay 12 -
NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated May 13, due July 8, at a 0.150% high tender rate.
By Gary SiegelMay 12 -
With public sentiment expecting higher inflation, the Fed must not wait “too long” to raise the federal funds rate target, Federal Reserve Bank of Richmond President Jeffrey Lacker said yesterday.
By Gary SiegelMay 11 -
NEW YORK – With the public sentiment expecting inflation to rise, the Fed mus not wait “too long” to raise the Fed funds rate target, Federal Reserve Bank of Richmond President Jeffrey M. Lacker said today.
By Gary SiegelMay 11 -
NEW YORK - The Treasury Department today auctioned $38 billion of three-year notes with a 1 3/8% coupon at a 1.414% yield, a price of 99.885991.
By Gary SiegelMay 11 -
NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.150% high yield, a price of 99.988333.
By Gary SiegelMay 11 -
Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 0.155% high rate, down from 0.165% the week before, and the six-months incurred a 0.230% high rate, down from 0.245%.
By Gary SiegelMay 10 -
The Conference Board’s employment trends index rose 0.9% to 94.7 in April, from a revised 93.9 in March, and is up 7.1% from a year ago, the group announced yesterday. The March reading was initially reported as 94.4.
By Gary SiegelMay 10 -
Financial crises and bailouts are inevitable and legislators should focus on containing them rather than trying to prevent them completely, Federal Reserve Bank of Minneapolis president Narayana Kocherlakota said yesterday.
By Gary SiegelMay 10 -
NEW YORK – Like death and taxes, crises and bailouts are inevitable, and regulatory reform will not change that, so legislation should instead focus on limiting their magnitude by taxes on financial institutions, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said today.
By Gary SiegelMay 10 -
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 0.155% high rate, down from 0.165% the prior week, and the six-months incurred a 0.230% high rate, down from 0.245% the week before.
By Gary SiegelMay 10 -
NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, May 12.
By Gary SiegelMay 10 -
NEW YORK - The Treasury Department said it will sell $31 billion of four-week discount bills tomorrow.
By Gary SiegelMay 10 -
NEW YORK – The Conference Board’s Employment Trends Index (ETI) rose 0.9% to 94.7 in April, from a revised flat 93.9 in March, which was originally reported as a 0.7% rise to 94.4, and is up 7.1% from a year ago, the group announced today.
By Gary SiegelMay 10