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 Empire State Manufacturing Survey showed "conditions for New York manufacturers improved at a healthy pace in February," as the general business conditions index surged to 24.91 in the month from 15.92 in January, the Federal Reserve Bank of New York reported yesterday.
By Gary SiegelFebruary 16 -
NEW YORK - Builders’ confidence in the market for new single-family homes gained in February, as the National Association of Home Builders' housing market index - a monthly gauge of builder sentiment – rose to 17 from January’s 15, the group announced this afternoon.
By Gary SiegelFebruary 16 -
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, down from 0. 110% the prior week, and the six-months incurred a 0.185% high rate, up from 0.170% the week before.
By Gary SiegelFebruary 16 -
NEW YORK - The Treasury Department said it will sell $32 billion of four-week discount bills tomorrow.
By Gary SiegelFebruary 16 -
NEW YORK - The Empire State Manufacturing Survey showed “conditions for New York manufacturers improved at a healthy pace in February," the Federal Reserve Bank of New York today reported, as the general business conditions index surged to 24.91 in the month from 15.92 in January, the Fed reported.
By Gary SiegelFebruary 16 -
Economic growth should be stronger than expected for the next three quarters but should slow down toward year-end, with 2.7% average annual growth for the next five quarters, according to 42 professional forecasters surveyed by the Federal Reserve Bank of Philadelphia.
By Gary SiegelFebruary 12 -
The University of Michigan’s preliminary February consumer sentiment index reading was 73.7, compared to the final January figure of 74.4, the preliminary January reading of 72.8, and the final December number of 72.5, according to market sources. Economists polled by Thomson Reuters had predicted a 75.0 reading for the index.
By Gary SiegelFebruary 12 -
NEW YORK – Economic growth should be stronger than expected for the next three quarters but slow down toward year end, with 2.7% average annual growth for the next five quarters, according to 42 professional forecasters surveyed by the Federal Reserve Bank of Philadelphia.
By Gary SiegelFebruary 12 -
NEW YORK - The University of Michigan's preliminary February consumer sentiment index reading was 73.7, compared to the final January 74.4, the preliminary January 72.8, and the final December 72.5, according to market sources.
By Gary SiegelFebruary 12 -
The Treasury Department yesterday auctioned $16 billion of 30-year bonds with a 4 5/8% coupon at a 4.720% high yield, a price of 98.483611. The bid-to-cover ratio was 2.36.
By Gary SiegelFebruary 11 -
Existing home sales were strong in most states during the fourth quarter, and many areas saw prices increase from a year earlier, according to the National Association of Realtors.
By Gary SiegelFebruary 11 -
NEW YORK - The Treasury Department today auctioned $16 billion of 30-year bonds with a 4 5/8% coupon at a 4.720% high yield, a price of 98.483611.
By Gary SiegelFebruary 11 -
NEW YORK – Existing-home sales were strong in most states during the fourth quarter, as many metro areas saw prices increase from a year earlier, according to the National Association of Realtors.
By Gary SiegelFebruary 11 -
The Treasury Department yesterday auctioned $25 billion of 10-year notes with a 3 5/8% coupon at a 3.692% high yield, a price of 99.4438944
By Gary SiegelFebruary 10 -
Economic conditions should “warrant exceptionally low levels of the federal funds rate for an extended period,” Federal Reserve Board chairman Ben Bernanke planned to tell Congress yesterday, while adding that as the economy expands monetary policy will tighten.
By Gary SiegelFebruary 10 -
NEW YORK - The Treasury Department auctioned $25 billion of 10-year notes with a 3 5/8% coupon at a 3.692% high yield, a price of 99.4438944
By Gary SiegelFebruary 10 -
NEW YORK – Economic conditions should “warrant exceptionally low levels of the federal funds rate for an extended period,” Federal Reserve Board Chairman Ben S. Bernanke planned to tell Congress today, but added that as the economy expands monetary policy will tighten.
By Gary SiegelFebruary 10 -
The Treasury Department today auctioned $40 billion of three-year notes with a 1 3/8% coupon at a 1.377% yield, a price of 99.994122.
By Gary SiegelFebruary 9 -
The Federal Reserve today announced the results of its term-auction facility, selling $15.426 billion of 28-day credits at a 0.250% stop-out rate.
By Gary SiegelFebruary 9 -
NEW YORK - The Treasury Department today auctioned $40 billion of three-year notes with a 1 3/8% coupon at a 1.377% yield, a price of 99.994122.
By Gary SiegelFebruary 9