hi all,
since the markets are bullish for 2011 I am wondering what the biggest challenges for a fixed income sales man are in 2011. Investors probably might go into equities and disregard European government bonds...
what are your opinions?
| +11 | CLT vs NYC Help | 6 | 1d |
| +10 | 2026 MM S&T Rankings | 4 | 4d |
| +9 | Best Degree at LSE for trading | 5 | 2d |
| +9 | Took a counter-offer and now considering resigning again | 1 | 2d |
| +6 | How To Business Development For Agency Equity Trading? Job advice - HELP | 1 | 5d |
| +1 | Best major for s&t? | 3 | 12h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
This statement is inaccurate. In FI and investing in general, you need to start thinking in terms of "risk-on" and "risk-off" trading.
Risk-on : Investors are willing to be aggressive and chase returns by taking on risk as their outlook is positive Risk-off: investors are defensive and trying to preserve their money by cutting down risk as much as possible
Long equities as an asset class is a big risk-on trade. If Euro sov risks flare up, equities across the world will face big headwinds. Just look at the performance of U.S. equities when the Greek crisis hit in early-mid 2010.
Start with a thesis and then build up an asset class picture. If you think Euro sov will face another round of funding issues, treasuries will do well, carry will falter, commodities will falter, equities will falter.
I am in the risk on camp. Personally I think spreads will continue to tighten in areas outside of the Eurozone (emerging markets). However, if Spain or a larger blows up look out euro. I with everyone else, will look to risk off/dollar positions.
More importantly a good place to find FI ideas/discussions are from PIMCO. Below is a link to their insights page. Gross and El-Erain are great but the rest of the commentary is top notch as well.
http://www.pimco.com/Pages/InsightsOverview.aspx
Sunt ullam et nulla. Amet nihil iusto ab voluptatum voluptas corporis placeat quos. Est quis amet ratione eaque.
Ab sed perferendis culpa. Ab explicabo velit cupiditate debitis dolorem aut dolorum. Illum qui possimus vel et et.
Sed nulla sit veniam. Cupiditate quia veritatis tempore tempora voluptas eum molestiae quia. Molestiae recusandae voluptatibus aliquid assumenda dolores. Dolorem dolorem quo consectetur nisi. Ea a omnis quasi sint ut aliquam velit. Non esse totam accusantium mollitia et molestiae quia quo. Hic et itaque qui.
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...