Hey guys,

A friend of mine just got an offer from here for the summer. Does anyone now about the firm and how an internship at this company would help for FT recruiting?

Thanks,

hey everyone. So I landed a summer internship with fixed income at a large investment management/insurance company. I'll get to rotate within a few different teams thruogh the 10 weeks.

I want to know how to maximize my chances of getting into a FO role full time as I will be a senior next year.

Thank in advance!

It is relevant to look at fixed income trading revenues thus far for the banks that have reported...

Curious to see what people think in terms of this.

For Q1:
1. JP Morgan, Revenue: 4.75 Billion, Down 5% YoY
2. Citigroup, Revenue: 4.62 Billion, Down 3% YoY
3. BofA, Revenue: 3.3 Billion, Down 20% YoY
4. Goldman Revenue: 3.26 Billion, Down 9% YoY
5.Morgan St. Revenue: 1.5 Billion, Down 42% YoY

Q1 Euro Banks (2012)
Deutsche Bank: 3.4 Bln Euros (so 4.42 Billion)
Barclays : 2.4 Bln Pounds (so 3.6 Billion)

Clearly JP has been the fixed income leader now for ahwile, but interesting to see the strength at Citi. Clearly seems you want to avoid MS for fixed income if you can choose between firms.

Hi all,

Have an interview at a fixed income firm on monday. Any suggestions on general concepts and readings that are must-knows? Have been working with equity-related products for a while but haven't really been exposed to the world of rates..

Thanks.

David Brent

Hey guys,
I know this first response is too search for this, but I've had difficulty finding more than a few bits and pieces. I have a couple final rounds for fixed income in investment management and was wondering if people could point me in the right direction for material/questions/topics to study. Thanks a lot.

With the Fed buying so much fixed income (e.g. MBS), aren't they going to take a huge loss when interest rates go up, since the value of those bonds will go down? How is the Fed going to deal with that?

I work at a prop shop in fixed income and am looking to make the jump. This is non-algo, non-quant discretionary trading. A few reasons:

- The prop trading approach (day-trading/scalping only) is getting tedious, and there's not enough depth. No exposure to any fixed income derivatives (no options, let alone swap/agency space). Just optimizing an ever-dwindling scalp.

- I fear for the future of non-algo trading. My job might be gobbled up by algos in a few years (months?).

- No surprise here, I'm not killing it. I'm making money, but not enough to sacrifice networking thru clients/exit opps/broader market exposure by staying.

Hey everyone.

I recently accepted an offer at J.P. Morgan for the S&T Summer Analyst program. The program is not rotational; we rank our choices and they rank us.

I have recently seen seen the FICC Citi Survey (can't link to it as I am a new member), but understand that this chart is a bit old (2009).

Right now I am leaning towards Commodities. What else should I be looking at? Last summer I was at Citi and got to rotate through Equity Derivatives, Munis, and Mortgages.

How is JP in equities? Is there anyone here that works at JP, is a client, or familiar with the firm that could offer some insight?

Thanks!

Hi all,

Hi,

I am meeting with a director of energy bond trading. My experience is in pure energy so wondering what kind of questions should I ask him. I know I can ask few questions regarding depressed natural gas and power prices and its effect on companies cash flow and bonds ratings.

Also what are good websites for bond research?

Thanks,

Anyone ever do one? Didnt dig up much info via search. I figure that some of you have been through this before.

I've heard it will be pretty technical - any truth to that? If so -what should I focus on?

Hello all.

I have jeffco superday tomorrow for FI SA position. Any insight would be greatly appreciated. What should i prepare for?

With recruiting picking up into full steam for a lot of juniors, I would really appreciate if some of the more experienced monkeys on WSO could lend an opinion on where they believe the bond markets are headed in 2013. Having an opinion on equity markets is one thing, but I personally don't have much more of an opinion on the bond markets other than knowing that Banker Ben plans to keep rates down through 2014.

Would appreciate to hear the insight of some of the senior folks. If there are specific sources apart from news publications with commentary on the bond markets it would be great if those were referenced.

Thanks.

Hi I have a first round interview for TD's NYC office. I am struggling to find any solid info about their NYC office and would really like to know which products this office deals with so I don't sound dumb when they ask what desk I want to work on, I give an answer, and then they don't have that desk in the office. Granted this is just a first round so I doubt the questions will be that specific but any help would be appreciated.

Hello,

I have a first-round interview with BNP Paribas for a FI SA position in their NYC office.

I am wondering if anyone has experience with BNP Paribas and know what questions I can expect for both first and second rounds.

I come from a quantitative background and have little finance experience.

I would appreciate your input.

How is it different from equity research? how does it work? do people also build financial models (DCF, comparables etc.) to do research on fixed income products?

What does the fixed income department actually do and why has it been so unprofitable? Do they just trade bonds? Curious why UBS has to resort to winding down the business and why other banks don't have that problem.

I have an interview with a rival bank in a strategy department, and I just want to understand the different business lines. Thanks.

http://www.reuters.com/article/2012/10/30/us-ubs-r...

why does someone actually make a career in fixed income or even invest in fixed income products when you get a similar ROI by just using fixed deposits? What exactly does a fixed income fund manager provide his investors which make them come to her/him instead of going for fixed deposits?

I am not familiar with how the fixed income stuff works. please help.

Hi All,

If you could choose between a fixed income derivatives or commodities desk for a trainee position (could become trading position) at a prop firm which would you choose and why? Both could involve experience on the floor or screen.

Thanks.

Can anyone provide info on Jefferies' Fixed Income department? I'm currently a junior and through some connections I think that I may have a good shot at an internship there, but I wanna know how it compares to BBs. Is it comparable to Morgan Stanley FI? Or a smaller JPM/DB/GS? Or worse than both groups? Any information would be greatly appreciated. Since it's a much smaller bank, I've had a lot of trouble finding information on the department.

I have an Interview coming up in the with Nomura as a Fixed Income Research Summer Analyst. Does any one know what to expect as far as procedure? Behavioral/technical? brain teasers? What type of math questions? This is my first interview of this type so I really have no idea what to expect so any help would be great. It is a phone interview - first round.

I may have an opportunity to intern at a BB for muni bond trading through a good connection, however I know absolutely nothing about Muni bonds or Fixed income. Does anyone have anything to share about what you do, how the pay is, exit ops etc. There isn't a lot of info in the searches about munis specifically

I've been following mostly equity markets but recently looking to diversify my portfolio into sovereign debt or other fixed income. Can you guys recommend any apps that track the 2, 5 & 10 yr t notes of US or European treasury. Hopefully it can also monitor LIBOR rates and show them all in a summary of an app such tt I can take a quick browse of it on the go.

Hello,

I have a general question about an area of Finance I know relatively little about and would really appreciate any sort of help.

Would someone mind explaining to me what one would do as an analysts in a fixed income ( or any asset class for that matter) products group within a private banking division would do? or if you could explain the work in general for that area that would be incredibly helpful as well. Thank you for any of your help...

Where do these positions exist? I am looking to work in FI or credit research? Any particular firms that are good with this?

.

Any thoughts/advice on debt specific interview questions? Would love any that you have. thanks!