They really don't expect anything too technical during SA interviews.
Be aware of the general credit markets, and just how bad things are for certain issuers. (2-3 year market is very very quiet)
Know the basic products (Fixed, Floaters, Preferreds, Hybrid) etc. Be aware of how treasuries have moved (look at the 2yr-10yr curve), how LIBOR has moved (away from treasuries, the TED spread measures this difference). Know your basic bond math, and terms like duration. Know that CDS has blown out (IG-9 5yr is around 188 bps)
Be aware that there is an FOMC meeting on the 18th, and have a view of where the Fed will go. (50 or 75 bps cut are the generally accepted views, but there are no right or wrong answer as long as you can defend it).
A Capital Markets analyst (DCM, ECM)'s role is different than a coverage or a lev fin analyst. Key strenghts involve being able to synthisize information for market updates, and keeping up to date with the syndicate desk.
Also, the majority of the issuers are financials or "captive finance" compaines (general electric capital corp, american honda, toyota, john deer capital corp, big coproations which basically have a bank/finance unit)
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They really don't expect anything too technical during SA interviews.
Be aware of the general credit markets, and just how bad things are for certain issuers. (2-3 year market is very very quiet)
Know the basic products (Fixed, Floaters, Preferreds, Hybrid) etc. Be aware of how treasuries have moved (look at the 2yr-10yr curve), how LIBOR has moved (away from treasuries, the TED spread measures this difference). Know your basic bond math, and terms like duration. Know that CDS has blown out (IG-9 5yr is around 188 bps)
Be aware that there is an FOMC meeting on the 18th, and have a view of where the Fed will go. (50 or 75 bps cut are the generally accepted views, but there are no right or wrong answer as long as you can defend it).
A Capital Markets analyst (DCM, ECM)'s role is different than a coverage or a lev fin analyst. Key strenghts involve being able to synthisize information for market updates, and keeping up to date with the syndicate desk.
Also, the majority of the issuers are financials or "captive finance" compaines (general electric capital corp, american honda, toyota, john deer capital corp, big coproations which basically have a bank/finance unit)
Good luck!
Soluta non ratione rerum voluptatibus quisquam. Esse in et nemo quia. Provident veritatis dolorem iste cum. Illum sit ea est in nobis ut magni. Expedita possimus non a consequatur aut laudantium. Iusto quae et dolorem et temporibus quis aut reprehenderit.
Itaque quis est beatae dicta ut qui et. Nobis quasi consequatur fugit optio. Et dolor quis dolorem quia architecto dolorem.
Rerum unde est corrupti. Sequi autem qui ratione et id deleniti voluptatem similique. Qui consequatur assumenda placeat magni modi voluptatem ipsam. Nesciunt vitae sapiente odit consequatur. Quia voluptatem pariatur nobis enim pariatur.
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