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 Federal Open Market Committee left the federal funds target range unchanged at between zero and 0.25% following its policy-setting meeting yesterday. The FOMC reiterated that economic conditions "are likely to warrant exceptionally low levels of the federal funds rate for an extended period," according to the policy statement.
By Gary SiegelMarch 16 -
NEW YORK – The federal funds target range was left between zero and 0.25% and the Federal Open Market Committee reiterated rate “are likely to warrant exceptionally low levels of the federal funds rate for an extended period,” according to its policy statement released this afternoon.
By Gary SiegelMarch 16 -
NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.135% high yield, a price of 99.989500.
By Gary SiegelMarch 16 -
The Empire State Manufacturing Survey showed “conditions for New York manufacturers continued to improve at a steady pace in March,” as the general business conditions index slipped to 22.86 from 24.91 in February, the Federal Reserve Bank of New York reported yesterday.
By Gary SiegelMarch 15 -
Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher yesterday, as the three-months incurred a 0.165% high rate, up from 0.150% the previous week, and the six-months incurred a 0.240% rate, up from 0.205%.
By Gary SiegelMarch 15 -
Builders’ confidence in the market for new single-family homes declined in March, as the National Association of Home Builders’ housing market index — a monthly gauge of builder sentiment — slid to 15 from February’s 17, the group announced yesterday.
By Gary SiegelMarch 15 -
NEW YORK - Builders’ confidence in the market for new single-family homes declined in March, as the National Association of Home Builders' housing market index - a monthly gauge of builder sentiment – slid to 15 from February’s 17, the group announced this afternoon.
By Gary SiegelMarch 15 -
NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.165% high rate, up from 0.150% the prior week, and the six-months incurred a 0.240% high rate, up from 0.205% the week before.
By Gary SiegelMarch 15 -
NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, March 17.
By Gary SiegelMarch 15 -
NEW YORK - The Empire State Manufacturing Survey showed “conditions for New York manufacturers continued to improve at a steady pace in March," the Federal Reserve Bank of New York today reported, as the general business conditions index slipped to 22.86 in the month from 24.91 in February, the Fed reported.
By Gary SiegelMarch 15 -
The University of Michigan’s preliminary March consumer sentiment index reading was 72.5 compared to the final February 73.6, the preliminary February 73.7 reading, and the final January 74.4, according to market sources.
By Gary SiegelMarch 12 -
Business inventories were flat in January, while sales rose 0.6%, the Commerce Department reported Friday.
By Gary SiegelMarch 12 -
NEW YORK – Business inventories were flat in January, while sales rose 0.6%, the Commerce Department reported today.
By Gary SiegelMarch 12 -
NEW YORK - The University of Michigan's preliminary March consumer sentiment index reading was 72.5, compared to the final February 73.6, the preliminary February 73.7 reading, and the final January 74.4, according to market sources.
By Gary SiegelMarch 12 -
The Treasury Department yesterday auctioned $13 billion of 29-year, 11-month bonds with a 4 5/8% coupon at a 4.679% high yield, a price of 99.128159.
By Gary SiegelMarch 11 -
NEW YORK - The Treasury Department today auctioned $13 billion of 29-year, 11-month bonds with a 4 5/8% coupon at a 4.679% high yield, a price of 99.128159.
By Gary SiegelMarch 11 -
NEW YORK - The Treasury Department said today it will auction $27 billion 91-day bills and $29 billion 182-day discount bills Monday.
By Gary SiegelMarch 11 -
The Treasury Department yesterday auctioned $21 billion of 9-year, 11-month notes with a 3 5/8% coupon at a 3.735% high yield, a price of 99.0904934
By Gary SiegelMarch 10 -
Merchant wholesalers posted a 0.2% decrease in inventories in January, while sales rose 1.3% in the month, according to data released yesterday by the Commerce Department.
By Gary SiegelMarch 10 -
NEW YORK - The Treasury Department auctioned $21 billion of 9-year, 11-month notes with a 3 5/8% coupon at a 3.735% high yield, a price of 99.0904934
By Gary SiegelMarch 10