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  • The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.015 percent, down from 0.020 percent last week. Another $26 billion in six-month bills was auctioned at a discount rate of 0.075 percent, up from 0.065 percent last week. For a $10,000 bill, the three-month price was $9,999.62, while a six-month bill sold for $9,996.21.

  • NEW YORK, March 2- E* Trade Financial Corp, the discount broker and bank that almost collapsed during the financial crisis, said on Monday it will retire $800 million of debt due in 2019 and issue $460 million of new eight-year notes at a lower interest rate. The debt restructuring cuts the company's outstanding debt Executives had publicly forecast they would...

  • NEW YORK, March 2- Bond investor Bill Gross on Monday criticized ultra-low interest rates, saying they could harm global growth instead of boosting it in the way that many central banks intend. "Low interest rates globally destroy financial business models that are critical to the functioning of modern day economies," Gross, who oversees the Janus Global...

  • *Palladium reaches 5-1/ 2- month high at $832.15/ oz. NEW YORK/ LONDON, March 2- Gold turned lower on Monday as the U.S. dollar rose and investors cashed in gains after upbeat Asian demand lifted the metal to two-week highs, with expectations for a rise in U.S. interest rates later this year keeping a lid on prices. Earlier, spot prices rose to $1,223.20 an ounce, their...

  • LONDON, March 2- Copper rose to its highest level in seven weeks on Monday after China unexpectedly cut interest rates before retreating on worries about slowing Chinese growth. The rate cut is showing the readiness of the Chinese government to fight against the slowdown, "said Eugen Weinberg, head of commodity research at Commerzbank in Frankfurt.

  • Audit the Fed? Bad idea: Ron Insana Monday, 2 Mar 2015 | 12:42 PM ET
    Janet Yellen

    Ron Insana says Congress should not be auditing the Fed. Period.

  • *China rate cut lifts Asia equities, gold. Wall Street kicked off March on a high note after a stellar February, when the benchmark S&P 500 Index registered its best monthly gain since October 2011. Asian stocks ended higher after China cut interest rates over the weekend, but European equities slipped from seven-year highs hit on merger activity in the telecom...

  • *Palladium reaches 5-1/ 2- month high at $829.30/ oz. LONDON, March 2- Gold steadied on Monday as investors cashed in gains after upbeat Asian demand earlier lifted the metal to two-week highs, with expectations for a rise in U.S. interest rates later this year keeping a lid on prices. Earlier spot prices rose to $1,223.20 an ounce, their highest since Feb. 17, after an...

  • Santelli: Treasurys remain in tight range  Monday, 2 Mar 2015 | 9:44 AM ET

    CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.

  • NEW YORK, March 2- U.S. Personal income rose by 0.3 percent in January though personal consumption fell by 0.2 percent, the U.S. Commerce Department said. It looks like that didn't really happen, "said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

  • JOHANNESBURG, March 2- Angola's central bank will probably have to devalue the kwanza and raise interest rates this year as a sharp drop in oil prices saps foreign exchange supply, the Angolan unit of Africa- focused investment bank Imara Securities said on Monday. Oil-dependent Angola slashed $17 billion off its budget this year due to the drop in the price of...

  • Consumer spending falls for a second straight month Monday, 2 Mar 2015 | 8:31 AM ET

    U.S. consumer spending fell for a second straight month in January, as lower gasoline prices continued to weigh on receipts at service stations.

  • *Europe shares dip off lows as Vivendi weighs. China rate cut helps lift Asian equities, gold. LONDON, March 2- European shares slipped from seven-year highs on Monday, weighed down by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend.

  • China steps up policy easing, India uses fiscal levers. BENGALURU/ SYDNEY, March 2- Global stimulus is swelling, with China cutting interest rates ahead of disappointing factory data and the European Central Bank set to start government bond purchases just as data hints the euro zone economy may be picking up. Central banks from Switzerland to Turkey, Canada and...

  • LONDON, March 2- Copper rose to its highest level in seven weeks on Monday after China unexpectedly cut interest rates but gains were capped on worries about slowing Chinese growth. The rate cut is showing the readiness of the Chinese government to fight against the slowdown, "said Eugen Weinberg, head of commodity research at Commerzbank in Frankfurt.

  • BEIJING, March 2- China's slowing economy will be at the forefront as parliament convenes for its annual meeting this week, with a weekend interest rate cut a reminder of the challenge of balancing painful restructuring with combating the onset of deflation. Senior leaders at the National People's Congress, which opens on Thursday, will send an unambiguous...

  • ISTANBUL, March 2- Defending high interest rates is tantamount to treason, Turkish President Tayyip Erdogan warned at the weekend, and said the governor of the central bank and deputy prime minister in charge of the economy needed to "shape up." Deepening a standoff which has rattled investor nerves, Erdogan was quoted on Monday as saying he would hold talks with...

  • Reynolds: We know a Fed rate hike's coming  Monday, 2 Mar 2015 | 5:00 AM ET

    Brian Reynolds, chief market strategist at Rosenblatt Securities, gives his thoughts on the Federal Reserve's inevitable rate hike.

  • *China having trouble guiding real lending rates downward. SHANGHAI, March 2- China's bourses and money markets reacted half-heartedly to a reduction in China's interest rate over the weekend, as analysts said more aggressive easing measures may be needed to shore up investor confidence. A research note by OCBC bank economist Xie Dongming said that the timing...

  • *China rate cut helps lift Asian shares, gold. LONDON, March 2- European shares clung to seven-year highs on Monday, lifted by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend. German manufacturing activity expanded further in February as new order rose, according to Markit's final purchasing...