Investment Learning

  • September 12, 2024

Eurozone Government Bond Yields Rise Ahead Of ECB Rate Decision

According to BlockBeats, on September 12, XTB MENA market analyst Milad Azar noted that Eurozone government bond yields have increased ahead of the anticipated rate cut by the European Central Bank (ECB). Azar stated in a report that yields might eventually decline if there are further indications of rate cuts. He mentioned, 'After the ECB announces its rate decision, yields may resume their downward trend, especially if the ECB hints at additional rate cuts.' The market has fully priced in the expectation that the ECB will lower the deposit rate by 25 basis points tonight. According to Tradeweb data, the yield on 10-year German government bonds rose by 2.5 basis points during the day, reaching 2.123%.

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  • September 11, 2024

U.S. Lawmakers Investigate SEC Over Alleged Politically Motivated Hiring

According to Odaily, several U.S. lawmakers sent a letter to SEC Chairman Gary Gensler on September 11, expressing concerns over potential politically motivated hiring practices within the agency. The joint letter, signed by Judiciary Committee Chairman Jim Jordan (R-Ohio), Financial Services Committee Chairman Patrick McHenry (R-N.C.), and Oversight and Accountability Committee Chairman James Comer (R-Ky.), outlines specific worries regarding political considerations in SEC's recruitment of senior employees.The investigation aims to determine whether the SEC has taken political affiliations into account when hiring senior staff, potentially compromising the agency's impartiality and violating federal law. The lawmakers cited evidence suggesting that under Gensler's leadership, political factors have influenced the hiring of senior personnel. The letter specifically mentions Dr. Haoxiang Zhu, who was appointed as Director of Trading and Markets in November 2021. Reportedly, prior to his appointment, Zhu assured Gensler of his political compatibility in an email dated May 2021, stating, 'I believe I am in the right place politically,' following discussions with Gensler about the role.

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