Newsletter – Week of Oct. 7, 2018

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On behalf of the SAIS International Finance Club Leadership, please find enclosed information on this week’s recent news, upcoming events, as well as internship and full-time position deadlines.

Recent Finance News 

Bond yields reach new highs on growth outlook
On Friday, US government bond yields reached the highest point in years. The yield on the benchmark 10-year note, which rises when bond prices fall, rose to 3.23%, its highest since May 2011. The U.S. economy’s positive signals spurred the sharp move in yields. The U.S. economy’s performance in the third quarter appears close to matching its robust 4.2% growth rate in the prior period, while Friday’s jobs report showed the unemployment rate in September fell to the lowest since 1969.

China central bank cuts reserve requirement to support financial conditions
The PBOC announced its 1% reserve requirement cut for commercial banks, from 15.5% to 14.5% on October 15th. Analysts believe the monetary easing is to offset any U.S. tariff impact on growth and employment.

OPEC’s Wildcards Could Push Oil to $100
With Iran sanctions expected to go into effect on Nov. 5, the U.S. is pressuring other OPEC countries to increase oil production. However, OPEC is less likely to increase global oil supply.  Rather, it could possibly push oil price above $100 before the end of this year. With rising political turbulences in some OPEC member states, it remains uncertain how much oil OPEC countries can produce to make up the supply deficit.

Jobs and Internships

Full-time Jobs

Asian Infrastructure Investment Bank – Young Professionals Program

  • Location: Beijing, China
  • Deadline: 10/31/2018
  • Apply: Link

Moody’s Corporation – Associate Analyst – Ratings & Research Support – Sovereign

  • Location: Multiple Locations
  • Deadline: 10/12/2018
  • Apply: Link

Tencent-Financial Management

  • Location: Shenzhen, China
  • Deadline: 10/09/2018
  • Apply: Link


AGC Partners – Internship

  • Location: Boston, MA
  • Deadline: On a rolling basis
  • Apply: Link

Cartica Management LLC – Summer Internship

  • Location:  Washington DC
  • Deadline: 10/26/2018
  • Apply: Link

Capital One – Finance Rotation Program Intern

  • Location: McLean, VA
  • Deadline: 12/2/2018
  • Apply: Link

Goldman Sachs – Summer Associate/Analyst and New Associate Analyst Programs

  • Location: Multiple locations
  • Deadline: 11/15/2018 (Period 2)
  • Apply: Link

HSBC – Commercial Banking Summer Internship

  • Location: Multiple locations
  • Deadline: Various from locations
  • Apply: Link

Newsletter Contributors
Recent Finance News: 
Max Chou, Yunjun Suh
Jobs and Internships: Wei Zhao
On and Off-Campus Events: Xiaohan Shao
Newsletter Editor: Steph Tarnovetchi

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