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Rates mixed at weekly US Treasury auction with 3-month bills rising

WASHINGTON - Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills rising slightly and rates on six-month bills unchanged. The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.035 per cent, up from 0.030 per cent last week. Another $23 billion in six-month bills was auctioned at a discount rate of 0.050 per cent, unchanged from last week. The three-month rate was the highest since those bills averaged 0.045 per cent on March 31.

TD Bank CEO wants U.S. to curb high frequency trading

(Reuters) - Toronto-Dominion Bank Chief Executive Ed Clark said on Thursday he believes high frequency trading (HFT) gives an unfair advantage to some market participants and wants curbs by U.S. regulators. HFT, in which sophisticated computer programs are used to send high volumes of orders to make markets or capitalize on price imbalances, has been criticized by some for giving HFT firms an unfair advantage over traditional traders.

Rates on US Treasury bills drop at weekly auction to lowest levels since early February

WASHINGTON - Interest rates on short-term Treasury bills fell in Monday's auction to the lowest levels since early February. The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.045 per cent, down from 0.050 per cent last week. Another $23 billion in six-month bills was auctioned at a discount rate of 0.065 per cent, down from 0.075 per cent last week. The three-month rate was the lowest since these bills averaged 0.040 per cent on Feb. 3. The six-month rate was the lowest since these bills averaged 0.060 per cent, also on Feb. 3.

Nerves grow over impact of fixing row, FX regulation

By Patrick Graham BERLIN (Reuters) - A drop-off in major currency market volatility may be due as much to banking regulations and a row over alleged manipulation as to ultra-low interest rates in the developed world, industry figures said on Friday.

Banks' lending rates fall in Feb.

SEOUL, March 27 (Yonhap) -- South Korean banks' lending rates declined in February after rising for three straight months as housing lending rates fell, the central bank said Thursday. The average rate for new loans to households and firms stood at 4.58 percent last month, down 0.04 percentage point from the previous month, according to the Bank of Korea (BOK). The BOK froze the key interest rate at 2.5 percent for the 10th straight month in February after making its first rate cut in seven months in May last year.

Fed rates, Ukraine keep Wall Street traders wary

Still-cheap funds and signs of US economic strength after a lull kept Wall Street buyers cautiously in action this week, despite the Ukraine crisis and the Fed's interest rates misfire. Trade became more bumpy amid rising tensions between the West and Russia over its annexation of Ukraine's Crimea region. And Federal Reserve Chair Janet Yellen added to the volatility by telling journalists that interest rates could begin rising "around six months" following the end of the quantitative easing stimulus program.

Markets on edge as Crimea votes to quit Ukraine

By Rodrigo Campos NEW YORK (Reuters) - U.S. stock investors will start the week on edge as markets worldwide react to the referendum that appears to back Russia's claim to Ukraine's Crimean peninsula, even if the vote result is not internationally recognized. U.S. stocks closed on Friday with their largest weekly drop in the last seven weeks as the worst confrontation between Russia and the West since the end of the Cold War continues to unfold. Markets were also haunted by concerns over a slowdown in China's economy.

Harsh weather likely to skew economic data again

By Angela Moon NEW YORK (Reuters) - After months of subpar economic data that has been blamed at least partially on the brutal winter weather, investors may still struggle to discern the real picture of the economy next week. The closely watched monthly jobs report due on Friday is expected show that employers stepped up hiring a bit in February, but there is a greater-than-unusual amount of uncertainty around forecasts given that the weather remained unseasonable.

S. Korea to intensify market monitoring on volatility fears: official

SEOUL, Feb. 7 (Yonhap) -- South Korea will intensify its market monitoring on fears that volatility could deepen in the wake of the U.S. Fed's decision to make an additional cut to its bond purchase stimulus efforts, a senior economic policymaker said Friday. "We will step up our monitoring on expectations that the situations of market volatility deepening will persist throughout this year," Vice Finance Minister Choo Kyung-ho said at a meeting with other policymakers to review the latest financial and economic situations in Seoul.

World should gird for higher U.S. rates: Mexico central bank official

By Silvio Cascione SAO PAULO (Reuters) - Emerging and developed economies need to be ready for U.S. interest rates to rise eventually and tighten financial conditions worldwide, Mexico's central bank deputy governor Manuel Ramos-Francia said on Monday. "What is probably very certain is that interest rates in the U.S. are going up, and interest rates in the rest of the world are going up," Ramos-Francia said at an event sponsored by Credit Suisse in Sao Paulo.
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