Fixed Income Desk
The Fixed Income Desk covers rates, credit and macro analysis, applying disciplined process to bond markets and turning data into testable, institutional-grade signals.
Each week, members work through the macro calendar, central bank commentary and credit spreads moving markets, and turn that flow into rates and credit trade ideas backed by data rather than headlines. Every idea is written up formally, covering thesis, catalysts and risk, and defended in front of the desk before it's added to the book, with senior analysts mentoring newer members through their first models and their first pitch.
Featured Research
View all PublicationsKnightian Uncertainty Reigns the European Credit Market
The European credit market may be approaching an inflection point this week. A convergence of shocks, fueled by further escalation in tensions involving Israel, the United States, and Iran, has created a state of Knightian uncertainty, a condition where past data can no longer be applied to predict future risks. To begin with, the sovereign sector witnessed a notable anomaly as BTP, Italian government bond, outperformed the safe haven Bund, German bond, in terms of investor risk appetite during times of uncertainty.
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