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 - Consumer borrowing decreased by $1.8 billion in December to a seasonally adjusted $2.457 trillion from $2.459 trillion in November, a 0.8% decrease, the Federal Reserve reported today.
By Gary SiegelFebruary 5 -
NEW YORK - U.S. inflationary pressures were higher in January as the U.S. future inflation gauge rose to 100.2 from an upwardly revised 99.0 in December, according to data released this morning by the Economic Cycle Research Institute.
By Gary SiegelFebruary 5 -
The European Central Bank announced its Governing Council held interest rates at current levels at its latest monetary policy meeting yesterday.
By Gary SiegelFebruary 4 -
NEW YORK – Newly issued Treasury securities held in stripped form increased about $1.963 billion in January to a total of $175.380 billion, the Bureau of the Public Debt reported this afternoon.
By Gary SiegelFebruary 4 -
NEW YORK - The Treasury Department said today it will auction $24 billion 91-day bills and $27 billion 182-day discount bills Monday.
By Gary SiegelFebruary 4 -
NEW YORK - The Treasury Department said it will auction $26 billion year bills on Feb. 9.
By Gary SiegelFebruary 4 -
NEW YORK - The European Central Bank announced its Governing Council held interest rates at current levels at its latest monetary policy meeting this morning.
By Gary SiegelFebruary 4 -
The Treasury Department yesterday sold $5 billion of 21-day cash management bills, dated Feb. 4 and due Feb. 25, at a 0.020% high tender rate.
By Gary SiegelFebruary 3 -
ADP estimates that non-farm payrolls for January fell 22,000, the smallest decline in two years.
By Gary SiegelFebruary 3 -
The Institute for Supply Management’s non-manufacturing business activity composite index increased to 50.5 in January, up from 49.8 in December, on a seasonally adjusted basis, the group said yesterday.
By Gary SiegelFebruary 3 -
The Treasury Department announced yesterday it will sell $40 billion of three-year notes on Feb. 9, $25 billion of 10-year notes on Feb. 10, and $16 billion of 30-year bonds on Feb. 11. All of the sales will take place at 1 p.m. Eastern Standard Time.
By Gary SiegelFebruary 3 -
NEW YORK – Calling growth in the economy “encouraging,” but employment is troubling, Federal Reserve Board Chairman Ben S. Bernanke was sworn in for a second term as chairman today.
By Gary SiegelFebruary 3 -
NEW YORK - The Treasury Department today sold $5 billion 21-day cash management bills, dated Feb. 4, due Feb. 25, at a 0.020% high tender rate.
By Gary SiegelFebruary 3 -
NEW YORK – The Treasury department announced today it will sell $40 billion three-year notes at 1 p.m., EST, on Tuesday, February 9, $25 billion 10-year notes at 1 p.m., EST, on Wednesday, February 10, and $16 billion 30-year bonds at 1 p.m., EST, on Thursday, February 11.
By Gary SiegelFebruary 3 -
The Treasury Department yesterday auctioned $17 billion of four-week bills at a 0.040% high yield, a price of 99.996889.
By Gary SiegelFebruary 2 -
Explanations other than asset price bubbles may be behind the rallies in several asset markets, according to the Federal Reserve Bank of Richmond.
By Gary SiegelFebruary 2 -
Pending home sales inched up 1.0% to a reading of 96.6 in December from a revised 16.4% decline to 95.6 in November, originally reported as a 16.0% drop to 96.0, according to the National Association of Realtors.
By Gary SiegelFebruary 2 -
NEW YORK – Explanations other than asset price bubbles may be behind the rallies in several asset markets, according to the Federal Reserve Bank of Richmond.
By Gary SiegelFebruary 2 -
NEW YORK - The Treasury Department today auctioned $17 billion of four-week bills at a 0.040% high yield, a price of 99.996889.
By Gary SiegelFebruary 2 -
NEW YORK - Pending home sales inched up 1.0% to a reading of 96.6 in December from a revised 16.4% decline to 95.6 in November, originally reported as a 16.0% drop to 96.0, according to an index released today by the National Association of Realtors.
By Gary SiegelFebruary 2