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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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.
By Gary SiegelFebruary 23 -
NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, Feb. 24.
By Gary SiegelFebruary 23 -
NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.055% high yield, a price of 99.995722.
By Gary SiegelFebruary 23 -
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.”
By Gary SiegelFebruary 23 -
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.
By Gary SiegelFebruary 23 -
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.”
By Gary SiegelFebruary 23 -
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.
By Gary SiegelFebruary 22 -
“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.
By Gary SiegelFebruary 22 -
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.
By Gary SiegelFebruary 22 -
The economy needs the federal funds rate to remain low, according to Federal Reserve Bank of San Francisco president Janet L. Yellen.
By Gary SiegelFebruary 22 -
NEW YORK - The Treasury Department today 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.
By Gary SiegelFebruary 22 -
NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.100% high rate, flat from 0.100% the prior week, and the six-months incurred a 0.190% high rate, up from 0.185% the week before.
By Gary SiegelFebruary 22 -
NEW YORK – The economy needs the Federal funds rate to remain low, according to Federal Reserve Bank of San Francisco President Janet L. Yellen.
By Gary SiegelFebruary 22 -
NEW YORK - The Treasury Department said it will sell $31 billion of four-week discount bills tomorrow.
By Gary SiegelFebruary 22 -
NEW YORK - “Texas factory activity continued to expand in February,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released today.
By Gary SiegelFebruary 22 -
NEW YORK - 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.
By Gary SiegelFebruary 22 -
The region's manufacturing sector continued to improve as the general business conditions index increased to 17.6 in February from 15.2 in January, the Federal Reserve Bank of Philadelphia Report on Business said yesterday.
By Gary SiegelFebruary 18 -
The composite index of leading economic indicators gained 0.3% in January, its 10th straight gain, the Conference Board reported yesterday.
By Gary SiegelFebruary 18 -
NEW YORK - The Treasury Department said it will auction $44 billion two-year notes on Tuesday, Feb. 23 and $42 billion five-year notes on Wednesday, Feb. 24.
By Gary SiegelFebruary 18 -
NEW YORK - The Treasury Department said it will auction $32 billion seven-year notes on Thursday, Feb. 25.
By Gary SiegelFebruary 18