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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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.
By Gary SiegelMarch 9 -
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.
By Gary SiegelMarch 9 -
NEW YORK - The Treasury Department today auctioned $26 billion of one-year bills at a 0.375% high yield, a price of 99.620833.
By Gary SiegelMarch 9 -
NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.110% high yield, a price of 99.991444.
By Gary SiegelMarch 9 -
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.
By Gary SiegelMarch 9 -
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.
By Gary SiegelMarch 9 -
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.
By Gary SiegelMarch 8 -
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%.
By Gary SiegelMarch 8 -
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.
By Gary SiegelMarch 8 -
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.
By Gary SiegelMarch 8 -
NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, March 10.
By Gary SiegelMarch 8 -
NEW YORK - The Treasury Department said it will sell $31 billion of four-week discount bills tomorrow.
By Gary SiegelMarch 8 -
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.
By Gary SiegelMarch 8 -
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.
By Gary SiegelMarch 8 -
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.
By Gary SiegelMarch 8 -
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.
By Gary SiegelMarch 5 -
NEW YORK - 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 this morning by the Economic Cycle Research Institute.
By Gary SiegelMarch 5 -
The European Central Bank said its Governing Council held interest rates at its latest monetary policy meeting yesterday.
By Gary SiegelMarch 4 -
Pending home sales fell 7.6% to a reading of 90.4 in January from a revised 1.0% increase to 97.8 in December, originally reported as a 1.0% gain to 96.6, as November’s index is now reported as 97.0, according to an index released yesterday by the National Association of Realtors.
By Gary SiegelMarch 4 -
NEW YORK – Newly issued Treasury securities held in stripped form increased about $437 million in February to a total of $175.817 billion, the Bureau of the Public Debt reported this afternoon.
By Gary SiegelMarch 4