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 Federal Reserve announced yesterday it set a 0.25% minimum bid on its $75 billion 28-day Term Auction Facility.
By Gary SiegelJanuary 11 -
The Conference Board’s Employment Trends Index rose 1.7% to 91.8 in December, up from a revised 1.7% jump to 90.3 in October originally reported as a 1.8% increase to 90.8, and is down 5.2% from a year ago, the group announced yesterday.
By Gary SiegelJanuary 11 -
Reducing the Fed’s balance sheet needs to be done neither too fast nor too slowly, Federal Reserve Bank of Atlanta president Dennis P. Lockhart said yesterday, adding that he backs interest rates remaining low for an “extended period.”
By Gary SiegelJanuary 11 -
NEW YORK – The Treasury Department sold $10 billion of inflation-indexed ten-year TIPs at a 1.430% yield, an adjusted price of 99.489212, with a 1 3/8% coupon.
By Gary SiegelJanuary 11 -
NEW YORK – Reducing the Fed’s balance sheet needs to be done neither too fast nor too slowly, Federal Reserve Bank of Atlanta President and Chief Executive Officer Dennis P. Lockhart said today, adding that he backs interest rates remaining low for an "extended period."
By Gary SiegelJanuary 11 -
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 0.040% high rate, down from 0.080% the prior week, and the six-months incurred a 0.130% high rate, down from 0.180% the week before.
By Gary SiegelJanuary 11 -
NEW YORK - The Treasury Department said it will sell $10 billion of four-week discount bills tomorrow.
By Gary SiegelJanuary 11 -
NEW YORK – The Federal Reserve announced today it will set a 0.25% minimum bid on its $75 billion 28-day Term Auction Facility credit selling today.
By Gary SiegelJanuary 11 -
With labor markets still soft and businesses unable to increase prices, the Fed is likely to keep monetary policy accommodative in order to continue to spur recovery, Boston Federal Reserve Bank president Eric Rosengren said Friday.
By Gary SiegelJanuary 8 -
NEW YORK – With two monetary policy instruments available to remove stimulus, Federal Reserve Bank of Richmond President Jeffrey Lacker said the how stimulus is removed will be as important as the when.
By Gary SiegelJanuary 8 -
NEW YORK – With labor markets still soft and businesses unable to increase prices, the Fed is likely to keep monetary policy accommodative in order to continue to spur recover, Federal Reserve Bank of Boston President & Chief Executive Officer Eric S. Rosengren said today.
By Gary SiegelJanuary 8 -
NEW YORK - U.S. inflationary pressures were higher in December as the U.S. future inflation gauge rose to 98.2 from a downwardly revised 95.6 in November, according to data released this morning by the Economic Cycle Research Institute.
By Gary SiegelJanuary 8 -
The Treasury Department yesterday announced its auction schedule for the coming week.
By Gary SiegelJanuary 7 -
NEW YORK – Newly issued Treasury securities held in stripped form increased about $1.68 billion in December to a total of $173.416 billion, the Bureau of the Public Debt reported this afternoon.
By Gary SiegelJanuary 7 -
NEW YORK - The Treasury Department said it will auction $21 billion 9-year, 10-month notes on Wednesday, Jan. 13.
By Gary SiegelJanuary 7 -
NEW YORK - The Treasury Department said it will auction $13 billion 29-year, 10-month notes on Thursday, Jan. 14.
By Gary SiegelJanuary 7 -
NEW YORK - The Treasury Department said it will auction $10 billion 10-year inflation-protected notes on Monday, Jan. 11.
By Gary SiegelJanuary 7 -
NEW YORK - The Treasury Department said it will auction $26 billion year bills on Jan. 12.
By Gary SiegelJanuary 7 -
NEW YORK - The Treasury Department said today it will auction $24 billion 91-day bills and $25 billion 182-day discount bills Monday.
By Gary SiegelJanuary 7 -
NEW YORK - The Treasury Department said it will auction $40 billion three-year notes on Tuesday, Jan. 12.
By Gary SiegelJanuary 7