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 $10 billion of four-week bills at a zero high yield, a price of par.
By Gary SiegelJanuary 26 -
NEW YORK – “The overall service sector weakened in January, damped by softness at services providers,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released today, “Retail sales were nearly flat for the month, although big-ticket sales remained in decline. For the first time since December 2007, shopper traffic rose. Merchants' inventories also increased slightly in January. In contrast to the strengthening at retail establishments, however, revenues at services firms fell this month. Even so, survey respondents overall were upbeat about business prospects for the six months ahead.”
By Gary SiegelJanuary 26 -
NEW YORK – “Manufacturing activity in the central Atlantic region contracted at a less pronounced rate in January,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond. “The index of overall activity edged up a bit as growth in new orders turned slightly positive. Growth in shipments contracted at a somewhat slower pace, while employment contracted at a slightly quicker rate. Other indicators were also mixed. The pace of decreasing backlogs and capacity utilization were on par with December, while vendor delivery times increased. In addition, manufacturers reported slightly slower growth in inventories.”
By Gary SiegelJanuary 26 -
NEW YORK - The consumer confidence index climbed to 55.9 in January from an upwardly revised 53.6 last month, The Conference Board reported this morning.
By Gary SiegelJanuary 26 -
Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 0.055% high rate, down from 0.060% last week, and the six-months incurred a 0.135% high rate, down from 0.145%.
By Gary SiegelJanuary 25 -
“Texas factory activity expanded in January,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas.
By Gary SiegelJanuary 25 -
NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.055% high rate, down from 0.060% the prior week, and the six-months incurred a 0.135% high rate, down from 0.145% the week before.
By Gary SiegelJanuary 25 -
NEW YORK - The Treasury Department said it will sell $10 billion of four-week discount bills tomorrow.
By Gary SiegelJanuary 25 -
NEW YORK - “Texas factory activity expanded in January,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released today.
By Gary SiegelJanuary 25 -
The Treasury Department yesterday said it will auction $32 billion of seven-year notes, dated Jan. 31 and due Jan. 31, 2017, on Jan. 28.
By Gary SiegelJanuary 21 -
The Philadelphia region’s manufacturing sector expanded, though the general business conditions index decreased to 15.2 in January from a revised 22.5 in December, according to this month’s Federal Reserve Bank of Philadelphia Report on Business.
By Gary SiegelJanuary 21 -
The composite index of leading economic indicators gained 1.1% in December, its ninth straight gain, the Conference Board reported yesterday.
By Gary SiegelJanuary 21 -
NEW YORK - The Treasury Department said it will auction $32 billion seven-year notes on Thursday, Jan. 28.
By Gary SiegelJanuary 21 -
NEW YORK - The Treasury Department said it will auction $44 billion two-year notes on Tuesday, Jan. 26 and $42 billion five-year notes on Wednesday, Jan. 27.
By Gary SiegelJanuary 21 -
NEW YORK - The Treasury Department said today it will auction $23 billion 91-day bills and $25 billion 182-day discount bills Monday.
By Gary SiegelJanuary 21 -
NEW YORK – The region's manufacturing sector expanded, although the general business conditions index decreased to 15.2 in January from a revised 22.5 in December, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.
By Gary SiegelJanuary 21 -
NEW YORK - The composite index of Leading Economic Indicators gained 1.1% in December, its ninth straight gain, the Conference Board reported today.
By Gary SiegelJanuary 21 -
The financial world is too complex for “siloed regulators” to monitor all that goes on, and the recent financial crisis is proof that systemic oversight is needed, Federal Reserve Bank of New York president and chief executive officer William C. Dudley said yesterday.
By Gary SiegelJanuary 20 -
NEW YORK - The Treasury Department today auctioned $10 billion of four-week bills at a 0.005% high yield, a price of 99.999611.
By Gary SiegelJanuary 20 -
NEW YORK – The financial world is too complex for “siloed regulators” to monitor all that goes on, and the recent financial crisis is proof that systemic oversight is needed, Federal Reserve Bank of New York President and Chief Executive Officer William C. Dudley said today.
By Gary SiegelJanuary 20