S&T Summer Analyst Market "Knowledge"

I'll be interning at a top BB this summer in S&T in Fixed Income. I've always struggled with the question "tell me what's going on in the markets", as it seems so open ended that I end up sounding like an idiot. However, if someone asked me what do you think the risks of Y in X asset class are based on Z happening, I answer well and it's well received (interned in S&T at a more boutique place last summer).

I am wondering as a SA at a massive BB this summer, how do I impress enough to get a FT offer, when oftentimes traders are so busy that there might not be enough time to have a longer discussion like in that second example? Maybe I am overthinking it, but last summer interning in S&T at a boutique wasn't as hard as I pictured it in my head beforehand, so I wonder how different it'll be at a big BB where an offer is on the line. I can't tell if there's this artificial perception that just because these internships are so competitive that the work is incredibly difficult as well (for interns of course, I get FT is a different beast).