Currently work as an analyst in London in exotic equity derivatives sales. I got an interview at another bank for a "macro rates sales" position. The job description was very short with no description of the instruments. Has anyone heard of this type of sales role before? to me, as an EQD guy this could mean anything from G10 bonds to inflation swaps.
My best bet is that it means selling rate derivatives on government and supranational bonds? Or am I wrong?
Also, is the math in rates sales harder than that in EQD ? (very subjective, I know)
Rates sales = G10 government and agency debt, inflation debt, interest rate swaps, swaptions, exotic derivs.
Thanks for the reply. Know if there's anything specific to a "macro" rates role though? Never heard of it before and rates in general seem very "macro" to me.
It's the same thing. Macro is an umbrella term that usually encompasses rates, FX and commodities.
Perfect, thanks a bunch
I'd guess most of what you would be doing is selling interest rate swaps and cross currency swaps to large multi nationals
Liquid rates products (cash bonds, derivs, etc); audience will predominantly consist of macro hedge funds.
This guy is right^. This was in London. Didn't get the job, but seemed more interesting that what I am currently doing and I will switch as soon as I get the chance,
Client base and products: -Hedge funds: complex trades in rates and fx. -Institutional Investors: vanilla stuff, e.g. selling new gov bonds to pension funds in the primary market.
hit me up if you need anything. im doing macro sales now.
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