Gary Siegel

When the time to raise interest rate comes, the Fed could act quickly and intensely, if needed, Federal Reserve Bank of Dallas president Richard Fisher said yesterday.

NEW YORK - The Treasury Department today auctioned $22 billion of four-week bills at a 0.040% high yield, a price of 99.996889.

NEW YORK – When the time to raise interest rate comes, the Fed could act quickly and intensely, if needed, Federal Reserve Bank of Dallas President Richard Fisher said today.

NEW YORK - The consumer confidence index slipped to 53.1 in September from an upwardly revised 54.5 last month, The Conference Board reported this morning.

The University of Michigan’s final September consumer sentiment index reading was 73.5, up from the preliminary September reading of 70.2 and the August 65.7 reading, according to market sources.

The Federal Reserve should raise rates before it becomes obvious that a rate hike is needed, Fed governor Kevin Warsh said Friday.

NEW YORK – The Federal Reserve should raise rates before it becomes obvious that a rate hike is needed, Federal Reserve Board Governor Kevin Warsh said today.

NEW YORK - The University of Michigan's final September consumer sentiment index reading was 73.5, compared to the preliminary September reading of 70.2, the August 65.7, mid-August’s 63.2, and the final July 66.0, according to market sources.

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “rebounded in September as firms’ orders picked up slightly, and expectations mostly held steady with last month’s positive outlook,” according to the bank’s monthly manufacturing survey released yesterday.

Existing home sales decreased 2.7% in August to a seasonally adjusted 5.10 million-unit rate, the National Association of Realtors announced yesterday.

The Federal Reserve yesterday said it will cut the amount of its 84-day Term Auction Facility to $50 billion in October and to $25 billion for November and December, and will then transition to a single cycle of 28-day funds offered every 28 days.

NEW YORK - The Treasury Department said today it will auction $30 billion 91-day bills and $29 billion 182-day discount bills Monday.

NEW YORK - Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “rebounded in September as firms’ orders picked up slightly, and expectations mostly held steady with last month’s positive outlook,” according to the bank’s monthly manufacturing survey, released today.

NEW YORK – Existing home sales decreased 2.7% in August to a seasonally adjusted 5.10 million-unit rate, the National Association of Realtors announced this morning.

The Treasury Department yesterday auctioned $40 billion of five-year notes, with a 2 3/8% coupon, a 2.470% high yield, a price of 99.555732. The bid-to-cover ratio was 2.40.

NEW YORK - The Treasury Department auctioned $40 billion of five-year notes, with a 2 3/8% coupon, a 2.470% high yield, a price of 99.555732.

The Treasury Department yesterday auctioned $43 billion of two-year notes with a 1% coupon at a 1.034% yield, a price of 99.932870. The bid-to-cover ratio was 3.23. Tenders at the high yield were allotted 27.16%. The median yield was 0.990%. The low yield was 0.920%. Tenders totaled $138,839,628,500 and Treasury accepted $43,000,008,000, including $433,978,000 of noncompetitive.

The Federal Reserve yesterday announced the results of its term-auction facility, selling $55.763 billion of 28-day credits at a 0.250% stop-out rate, the lowest rate at which the offering amount clears, which is the sole rate awarded to all the successful bids. The bid-to-cover ratio was 0.74. The average bid of the 83 bidders was $672 million.

“Manufacturing activity in the central Atlantic region expanded for the fifth straight month in September,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond and released yesterday.

NEW YORK - The Treasury Department today auctioned $43 billion of two-year notes with a 1% coupon at a 1.034% yield, a price of 99.932870.