Gary Siegel

NEW YORK - The Treasury Department today auctioned $26 billion of four-week bills at a 0.145% high yield, a price of 99.988722.

NEW YORK – Financial system reform is “essential” and should be a catalyst for information exchanges between markets and regulators, Federal Reserve Board Governor Daniel K. Tarullo said today.

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 0.175% the prior week, and the six-months incurred a 0.240% high rate, down from 0.265%.

It is too soon to determine the end of the recession, the Business Cycle Dating Committee of the National Bureau of Economic Research said yesterday.

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 0.175% the prior week, and the six-months incurred a 0.240% high rate, down from 0.265% the week before.

NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, April 14.

NEW YORK - The Treasury Department said it will sell $26 billion of four-week discount bills tomorrow.

NEW YORK – It is too soon to determine the end of the recession, according to the Business Cycle Dating Committee of the National Bureau of Economic Research.

U.S. economic growth will remain moderate, which will keep jobless rates high, Federal Reserve Board vice chairman Donald Kohn said late Thursday.

The lessons learned from the Great Depression were useful in preventing "an even worse cataclysm" that could have resulted from the recent financial crisis, Federal Reserve Board chairman Ben Bernanke said last week.

NEW YORK – The lessons learned from the Great Depression were useful in preventing “an even worse cataclysm” that could have resulted from the recent financial crisis, Federal Reserve Board Chairman Ben S. Bernanke said late Thursday.

NEW YORK – U.S. Economic growth will remain moderate, which will keep jobless rates high, Federal Reserve Board Vice Chairman Donald Kohn said late Thursday.

The Treasury Department yesterday auctioned $13 billion of 29-year, 10-month bonds with a 4 5/8% coupon at a 4.770% high yield, a price of 97.692939.

The European Central Bank announced that its Governing Council held interest rates at current levels at yesterday's monetary policy meeting.

While the Federal Reserve has been laying the groundwork to allow it to raise interest rates when appropriate, the termination of special liquidity facilities "need not be followed in short order by the initiation of tightening measures," Fed governor Daniel K. Tarullo said yesterday.

NEW YORK - The Treasury Department today auctioned $13 billion of 29-year, 10-month bonds with a 4 5/8% coupon at a 4.770% high yield, a price of 97.692939.

NEW YORK - The Treasury Department said today it will auction $26 billion 91-day bills and $27 billion 182-day discount bills Monday.

NEW YORK – While the Federal Reserve has been laying the groundwork to allow it to raise interest rates when appropriate, the termination of special liquidity facilities “need not be followed in short order by the initiation of tightening measures,” Federal Reserve Board Governor Daniel K. Tarullo told community bankers in New York 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.

Asset bubbles are unique and difficult to identify, and while studying how central banks should respond, perhaps the best ways to attack them may be "bully pulpit and macro-prudential tools, such as rules limiting loan-to-value ratios or leverage," Federal Reserve Bank of New York president and chief executive officer William C. Dudley said yesterday.