Munis vs Tsys vs TIPS

Which of these is the best for a career in AM/ Trading in fixed income space? i.e. which would provide the most transferable skill set to other (fixed income) products- in the US and abroad? Appreciate all insights and views. Thanks!

 

Trading any of them would give you skills that you could use to move around the fixed income space with maybe the exception of high yield/distressed credit which is more fundamental valuation and gets a lot of LevFin bankers and research people. Obviously the UST and tips space would give you the most transferable skill set and is the most macro, but muni's isn't a death sentence either. And no, Muni's is not a macro product.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

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