2 Comments
 

i think its just the size of the markets ... equities pales in comparison to fixed income - so naturally theyre will be more money in all of FI than equities. plus almost all of FI is otc so there is naturally less transparency into pricing = bigger spreads = more money.

what is cyclical is what area you are in FI... and theres always a new area. but fi is pretty broad so theres lots of opportunities.

 

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