Best banks to trade macro credit
I think I've narrowed down the desk i want to work on to macro credit (if im lucky enough to land it). Anyone have a rough list of the best banks to be at for this?
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Based on the most helpful WSO content, here’s a breakdown of the best banks for macro credit trading:
JPMorgan (JPM): Known for its strong presence in Investment Grade (IG) and High Yield (HY) credit. It is well-rounded in structured credit and has a massive balance sheet to support trading activities.
Goldman Sachs (GS): Highly regarded in the High Yield (HY) and Investment Grade (IG) credit space. Their reputation for underwriting IPOs and their overall trading strength makes them a top choice.
Barclays: Strong in distressed and High Yield (HY) credit, particularly in London. However, the bank has been gradually exiting riskier businesses, which might impact its long-term positioning.
Bank of America (BofA): Excellent in the credit space, with a strong history in structured credit. Their large balance sheet and legacy from Merrill Lynch bolster their capabilities.
Deutsche Bank (DB): Solid in Investment Grade (IG) and High Yield (HY) credit. They’ve been actively investing in their Sales & Trading division, which signals commitment to growth in this area.
Morgan Stanley (MS): Good in High Yield (HY) and Investment Grade (IG) credit, though not as dominant as some of the others. Their strength lies more in equities and commodities.
If you're targeting macro credit, focusing on desks at these banks would provide strong opportunities for growth and exposure.
Sources: Best Banks for Sales and Trading?, Top Sales & Trading desks, Top S&T Desks in HK?
you're probably not going to be place on macro credit and go to the bank that give you an offer
understandable, if i was to - where would be the best places to be?
the bulges (jpm and gs probably the best). but first get an offer.
deutche any good for it? have an offer there. Im assuming it isnt worth reneging if I'm to land a gs/jp...
its good enough. quality of bank doesnt really matter
i see, thanks
Feel free to PM, I work in the space
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