My day typically begins around 6:30, when I come in and catch up on overnight news and developments in global credit markets. Once that’s done, the rest of the early morning is spent preparing for the day, by sending prices to clients and discussing with my group to identify how we want to position ourselves through the short and long term.
The rest of the day is extremely fluid and flexible. Work on a bond trading desk is very fast paced, and since a single event can change the market tone, it’s important to be aware of what is going on in the market. I would typically spend most of the day pricing bonds for clients, coming up with trade ideas, and discussing changes in the market and overall strategy with members of our team. But that being said, no two days are the same. Once mid-afternoon rolls around, things may quiet down, and if that’s the case, I will likely be taking the time to work on projects with a longer time horizon.