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 0.155% 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.

NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, May 12.

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 0.9% 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.

U.S. inflationary pressures were higher in April as the U.S. future inflation gauge rose to 100.8 from a downwardly revised 101.0 in March, according to data released Friday by the Economic Cycle Research Institute.

The fed funds target rate will have to go up “well before” the labor market fully recovers, Federal Reserve Bank of Philadelphia president Charles I. Plosser said Friday.

NEW YORK – With inflation in check, and little risk of deflation, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said today the fed funds target rate will have to go up “well before” the labor market fully recovers.

NEW YORK - U.S. inflationary pressures were higher in April as the U.S. future inflation gauge rose to 100.8 from a downwardly revised 101.0 in March, according to data released this morning by the Economic Cycle Research Institute.

While recent economic indicators provided much good news, it could be “several years” before the economy rebounds completely from the recession, Federal Reserve Bank of Richmond president Jeffrey M. Lacker said yesterday.

Auditing monetary policy decisions, as currently proposed, “could diminish the independence of the Fed,” Federal Reserve Bank of St. Louis president James Bullard said yesterday.

The Federal Reserve views stress assessments as a tool to restore confidence in the banking system’s stability, and restoring credit flow “remains a central objective of the Federal Reserve,” Fed chairman Ben S. Bernanke said yesterday.

NEW YORK – Newly issued Treasury securities held in stripped form increased about $1.589 billion in April to a total of $179.355 billion, the Bureau of the Public Debt reported this afternoon.

NEW YORK – “Hard leverage rules” for banks must be established, Federal Reserve Bank of Kansas City President Thomas Hoenig today told a subcommittee of the

NEW YORK – While recent economic indicators provided much good news, it could be “several year” before the economy rebounds completely from the recession, Federal Reserve Bank of Richmond President Jeffrey M. Lacker said today.

NEW YORK – The Federal Reserve views stress assessments as a tool to restore confidence in the banking system’s stability, and restoring credit flow “remains a central objective of the Federal Reserve,” Fed Chairman Ben S. Bernanke said today.

NEW YORK – Auditing monetary policy decisions, as currently proposed, “could diminish the independence of the Fed,” Federal Reserve Bank of St. Louis President James Bullard said today.

NEW YORK - The European Central Bank announced its Governing Council held interest rates at current levels at its latest monetary policy meeting this morning.

The Treasury Department yesterday sold $25 billion of 56-day cash management bills, dated May 6, due July 1, at a 0.150% high tender rate.

ADP reported private employment showed a 32,000 jump in April.

The Treasury Department yesterday announced it will sell $78.0 billion to raise $47.1 billion with its quarterly refunding.