Gary Siegel

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “continued to strengthen in February,” according to the bank’s monthly manufacturing survey, released yesterday.

Despite the economy being in recovery, businesses are still struggling, and it could be years before output returns to pre-recession levels, according to Federal Reserve Bank of Cleveland president and chief executive officer Sandra Pianalto.

NEW YORK - The Treasury Department said today it will auction $26 billion 91-day bills and $28 billion 182-day discount bills Monday.

NEW YORK - Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “continued to strengthen in February,” according to the bank’s monthly manufacturing survey, released today.

NEW YORK – Despite the economy being in recovery, businesses are still struggling, and it could be years before output returns to pre-recession levels, according to Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto.

The Treasury Department yesterday auctioned $42 billion of five-year notes, with a 2 3/8% coupon, a 2.395% high yield, a price of 99.906254.

NEW YORK - The Treasury Department auctioned $42 billion of five-year notes, with a 2 3/8% coupon, a 2.395% high yield, a price of 99.906254.

NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated Feb. 25, due April 22, at a 0.100% high tender rate.

The Treasury Department yesterday auctioned $44 billion of two-year notes with a 7/8% coupon at a 0.895% yield, a price of 99.960486.

“Manufacturing activity in the central Atlantic region advanced slightly in February, following several months of modest declines,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond and released yesterday.

The consumer confidence index slumped to 46.0 in February from an upwardly revised 56.5 in January, the Conference Board reported yesterday.

NEW YORK - The Treasury Department today auctioned $44 billion of two-year notes with a 7/8% coupon at a 0.895% yield, a price of 99.960486.

NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, Feb. 24.

NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.055% high yield, a price of 99.995722.

NEW YORK – “Service sector activity contracted in February,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released today, “Retail sales fell, with big-ticket sales dropping sharply. In addition, services firms revenues contracted. Shopper traffic dissipated, held down in part by a series of heavy snow storms that occurred on weekends. Retail inventories were little changed. Looking ahead, survey respondents remained optimistic about business prospects during the next six months, although their outlook was less upbeat than a month ago.”

NEW YORK - The consumer confidence index slumped to 46.0 in February from an upwardly revised 56.5 last month, The Conference Board reported this morning.

NEW YORK – “Manufacturing activity in the central Atlantic region advanced slightly in February, following several months of modest declines,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond. “The index of overall activity inched up as shipments steadied and solid gains in new orders offset a slight decrease in employment. Other indicators were mixed. Backlogs of orders stabilized for the first time in six months and capacity utilization was unchanged from a month ago. Vendor delivery times grew at a slightly slower pace, while manufacturers reported slightly quicker growth in finished goods inventories.”

The Treasury Department Monday sold $8 billion of inflation-indexed 30-year bonds at a 2.229% yield, an adjusted price of 97.667212, with a 2 1/8% coupon.

“Texas factory activity continued to expand in February,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas and released Monday.

The Chicago Fed national activity index for January turned positive, rising to positive 0.02 from a revised negative 0.58 reading in December, originally reported as negative 0.61.