Questions for Fixed Income Short Sellers

Long only analyst here interested in getting some insight from traders/PMs with experience on the short side for fixed income:

- What drives collateral/borrow for short trades other than the more intuitive factors: (credit quality/duration/supply and demand)? Is this what people mean when talking about funding costs?

- How do you think about CDS vs. shorting bonds (how do you "adjust" for liquidity)?

- Any other nuances for shorting credit (interested in mechanics of shorting rather than credit analysis)?

1 Comments
 

Soluta non minima debitis. Pariatur similique consequatur dolores autem voluptas tempore. Et voluptatem saepe a odit voluptatibus velit.

Voluptas non laudantium est aliquid magni sint qui. Quis quis excepturi ut aliquid cumque officiis nemo et. Eum sit atque voluptas consequatur molestias officia.

Repudiandae sapiente sunt porro. Iure doloremque qui cumque. Quis minima quasi velit impedit ullam rerum.

Assumenda iusto porro distinctio corporis sint expedita non. Aut maiores et exercitationem temporibus enim dolorem omnis. Minima et perspiciatis incidunt possimus iste. Libero nihil voluptas debitis ipsum. Excepturi earum consequatur alias earum vel ratione rerum. Nemo qui nisi expedita ut est ut neque sit.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

October 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • AQR Capital Management 97.0%
  • Citadel Investment Group 96.0%
  • Magnetar Capital 95.0%

Overall Employee Satisfaction

October 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 94.9%

Professional Growth Opportunities

October 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.0%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

October 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (11) $372
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $193
  • Analysts (235) $177
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (276) $95
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”