Economic indicators

Personal income was unchanged in June, while nominal PCE was up 0.1%, and the core PCE price index posted another modest 0.1% gain, data released by the Commerce Department Tuesday morning showed.

A rebound in contract signings for the purchase of previously owned U.S. homes shows housing demand is stabilizing after a three-month downturn, National Association of Realtors figures released Monday showed.

The Employment Cost Index slowed to 0.5% gain in the second quarter, a slower pace than expected and down from the 0.8% gain in first quarter, data released by the Bureau of Labor Statistics Friday showed.

Second quarter GDP rose 2.6%, slightly less than the 2.7% pace expected, while first quarter growth was revised down modestly to a 1.2% pace from 1.4% rate previously reported, data released Friday by the Bureau of Economic Analysis showed.

The Treasury Department Thursday sold $20 billion 14-day cash management bills, dated August 1, due August 15, at a 1.010% high tender rate.

The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/4% coupon and a 2.126% high yield, a price of 99.993528.

The number of U.S. building permits issued in June was revised up to an increase of up 9.2% to a 1.275 million unit annual rate, the Commerce Department's Bureau of the Census said Thursday.

Initial claims for U.S. state unemployment benefits rose by 10,000 to 244,000 in the July 22 week, following a small upward revision to the claims level in the previous week, data released by the Labor Department Thursday showed.

The Treasury Department auctioned $34 billion of five-year notes, with a 1 7/8% coupon, a 1.884% high yield, a price of 99.957246.

The Treasury Department Wednesday auctioned $13 billion of two-year floating rate notes with a high discount margin of 0.060%, at a 0.060% spread, a price of 100.00000.

The pace of new single-family home sales rose by only 0.8% to a slightly weaker-than-expected 610,000 seasonally adjusted annual rate in June, following downward revisions to the sales pace in the previous three months, data released by the Commerce Department Wednesday showed.

The Treasury Department Tuesday auctioned $26 billion of two-year notes with a 1 3/8% coupon at a 1.395% yield, a price of 99.960688.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.980% high yield, a price of 99.923778.

A four-month high in U.S. consumer confidence reflects Americans’ sunnier views on both their current situation and outlook, a positive sign for the economy, data from the New York-based Conference Board showed Tuesday.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 1.180% high rate, up from 1.050% the prior week, and the six-months incurred a 1.130% high rate, up from 1.105% the week before.

The Treasury Department said Monday it will sell $45 billion of four-week discount bills Tuesday.

Home resales fell by 1.8% in June to an annual rate of 5.52 million, below expectations for a smaller decrease to a 5.57 million, data released by the National Association of Realtors Monday showed.

The composite of the Leading Economic Index was up 0.6% in June following a revised 0.2% increase in May, first reported as a 0.3% gain, the Conference Board reported Thursday.

Initial claims for U.S. state unemployment benefits fell by 15,000 to 233,000 in the July 15 employment survey week, following a small upward revision to the claims level in the previous week, data released by the Labor Department Thursday showed.

The region's manufacturing sector expanded in July, but at a slower pace than in June, as the general business conditions index decreased to 19.5 from 27.6 in June, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.