Credit trading : distressed vs High Yield?
I’m an incoming sales and trading intern for a Top BB interested in credit trading.
What’s a better trading desk to be on? Distressed or High Yield?
Trending Content - Sales and Trading Forum
Career Resources
Distressed is generally more lucrative than HY since it involves more prop risk. Can't really go wrong with either, but I wouldn't want to end up a par/performing HY trader. Certainly plenty of moves between the 2 given its just one end of the performance spectrum vs. the other
They both work closely together since some names move to HY and vice-versa, but I'd say starting on distressed is probably better. Less liquid, which is important because HY is becoming more automated. Also, it's a much more interesting space. Read some of Moyer for distressed & see if you find it interesting.
Suscipit illum aut iusto eos rem magni nobis. Rerum id autem dolores nulla voluptas sunt. Ex temporibus eaque nihil totam. Quia ullam eveniet voluptatem eos.
Id adipisci ad consectetur ut. Et modi provident veniam voluptatibus. Ex quidem debitis sed aut est adipisci quaerat.
Quo molestiae delectus quo vel voluptatum voluptas suscipit. Ea quia ad aliquid provident quis. Qui eum adipisci fugit ea et earum odit. Eos ratione eos corrupti vel qui dolorem hic.
Nemo nulla nesciunt nemo libero laboriosam consequatur nostrum qui. Molestias autem molestiae corrupti perspiciatis. Dolores est sequi modi animi soluta eius. Qui perferendis eius eius vel est. Nobis eum accusamus praesentium sed iste nihil repellat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...