The rates desk at MorganStanley (govts and swaps) has been a feeder to large hedge funds for years...the Rates Research group at MS has also been outstanding at relative value for many years...and has likewise been a feeder to large hedge funds.  Desk heads at many other firms started trading rates at MS.

 
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depends what bank/issuer you're at. The bankers usually do a mix of some structuring/analysis but don't get into the nitty gritty details and analytics of the structures that the quants do. They're still required to have a complete understanding of how the schedules are being paid out and in what order but they're doing more banking functions such as creating pitch books for securitization road shows or re-issuances.

Structurers work more closely with traders than bankers which is why I basically call them traders as well. The desks aren't like an equity or derivatives trading desks where you're pumping out dozens of trades a day. With structured credit, you're doing deep-dive analyses into the structures down to the individual/entity borrower so much so that you get an understanding of a city/town's (if mortgages) impact on the entire structure at differing scenarious for prepays and default rates being toyed around with.

 

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