Nikolas Gierczyk, an FTX client in California, said he sold $15.90 million of his debt to Olympus Peak, a hedge fund, at a "substantial 42 per cent discount" late last year, and that FTX had won approval for a bankruptcy restructuring plan this year and expected to repay between 129 per cent and 146 per cent of his clients. Mr. Gierczyk claimed Olympus Peak owed him a larger payout because the fund was expected to earn more than $1 million from their trades. Olympus Peak, located in Greenwich, C...
European Central Bank Governing Council Simkus: The possibility of interest rate cuts in October is rather small, and the reasons for interest rate cuts in September are very strong.
European Central Bank Governing Council member Simkus said that the possibility of a rate cut in October is quite small, but there are many convincing reasons to support the ECB's September rate cut; there is a very clear trend of falling inflation; economic growth is structurally weak; economic risks are skewed to the downside.
1. Federal Reserve Goolsby: Economic growth is still quite stable, the Fed will not overdo it. 2. Citi: 10-year German bond yields are expected to be flat at the end of the year. 3. Analysts: The end of the inversion of the yield curve means that the economic recession is really coming. 4. 10-year Treasury bond yields fell below 2.1% Industry: August may enter a critical stage of long-term debt long-short game. 5. Institutions: It is recommended to increase holdings of long-term high-quality bon...
Federal Reserve Chairperson Jerome Powell: We have made considerable progress on inflation.
Federal Reserve Chairperson Jerome Powell: We have made considerable progress on inflation. More confidence is needed before lowering policy rates, and the data shows that we have made significant progress.