Gary Siegel

NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated March 11, due May 6, at a 0.147% high tender rate.

NEW YORK — Merchant wholesalers posted a 0.2% decrease in inventories in January, while sales rose 1.3% in the month, according to data released today by the Commerce Department.

The Treasury Department yesterday auctioned $40 billion of three-year notes with a 1 3/8% coupon at a 1.437% yield, a price of 99.818589.

The Federal Reserve yesterday announced the results of its final term auction facility, selling $3.41 billion of 28-day credits at a 0.500% stop-out rate, the lowest rate at which the offering amount clears, which is the sole rate awarded to all the successful bids.

With labor market recovery expected to be slow, monetary policy “accommodation will likely be appropriate for some time,” Federal Reserve Bank of Chicago president and chief executive officer Charles L. Evans said yesterday.

NEW YORK - The Treasury Department today auctioned $40 billion of three-year notes with a 1 3/8% coupon at a 1.437% yield, a price of 99.818589.

NEW YORK - The Treasury Department today auctioned $26 billion of one-year bills at a 0.375% high yield, a price of 99.620833.

NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.110% high yield, a price of 99.991444.

NEW YORK – The Federal Reserve today announced the results of its term auction facility, selling $3.41 billion of 28-day credits at a 0.500% stop-out rate, the lowest rate at which the offering amount clears, which is the sole rate awarded to all the successful bids.

NEW YORK – With labor market recovery expected to be slow, monetary policy “accommodation will likely be appropriate for some time,” Federal Reserve Bank of Chicago President and Chief Executive Officer Charles L. Evans said today.

The Federal Reserve Bank of New York will expand its counterparty pool for conducting reverse-repurchase agreement transactions to add capacity for draining reserves beyond primary dealers, which are the traditional counterparties, the Fed announced yesterday.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher yesterday than last week, as the three-months incurred a 0.150% high rate, up from 0.125%, and the six-months incurred a 0.205% high rate, up from 0.185%.

The Conference Board’s employment trends index rose 0.3% to 93.5 in February, up from an unrevised 1.0% jump to 93.2 in January. The ETI is up 13.4% in the past six months, the highest six-month growth rate since 1994, the group announced yesterday.

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 0.150% high rate, up from 0.125% the prior week, and the six-months incurred a 0.205% high rate, up from 0.185% the week before.

NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, March 10.

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

NEW YORK - The Federal Reserve Bank of New York will expand its counterparties for conducting reverse repurchase agreement transactions to add capacity for draining reserves beyond primary dealers, the traditional counterparties, the Fed announced today.

NEW YORK – The Conference Board’s Employment Trends Index (ETI) rose 0.3% to 93.5 in February, from an unrevised 1.0% jump to 93.2 in January, and is up 13.4% in the past six months, the highest six-month growth rate since 1994, the group announced today.

NEW YORK – The Federal Reserve announced today it will set a 0.50% minimum bid on its $25 billion 28-day Term Auction Facility credit selling today.

U.S. inflationary pressures were higher in February as the U.S. future inflation gauge rose to 101.4 from an upwardly revised 102.1 in January, according to data released Friday by the Economic Cycle Research Institute. The January index was originally reported as 1008.2.