Central Bank Sales
Hi guys,
I'm just about to start a summer internship in London where I'll be interning on a 'Central Bank Sales' desk (among others). So far I understand the desk deals with CBs, and SWFs in the Rates space.
Would someone here be able to provide any more information on the types of products CBs and SWFs typically trade? And perhaps an insight into the day-to-day workflow of someone on this desk? (I presume it's generally like other Rates Sales desks, but there must be some key differences?).
Any information would be greatly appreciated!!!
Many thanks in advance!
Bump
Bonds...
It depends which central banks/what area you will be covering and which desk you will be on. It can be repos, sec lending, T-bills and Bonds, FX swaps
What differentiate a central bank from other counterparties is that some of them conduct their fixed income operation through auctions, so read a bit abt different types of auctions.
hmm. do you know if you are on the rates side or fx side? try to get on the rates side. youll get exposure to SSAs, ECPs, govies, repos etc. you'll learn alot more than on the FX desk.
CENTRAL BANK SALES DESK (Originally Posted: 12/13/2017)
Hello, I am looking for information on what traders on a Central Bank Sales Desk do? Can any one help, I have tried Google and found nothing.
Thanks eross18
There are no traders on Central Bank sales desks...
..
There isn't someone like that... There's a trader on a desk who might trade a specific sector of the treasury curve, but their clientele would come from all parts of the mkt. There's a sales desk where you would have specific salespeople covering central banks, but those people are not traders.
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