Quote:
Originally Posted by nikimcbee
This whole story sounds very Biblical  .
Mookie's road to Damascus.
All in good fun. 
So what's in a typical day for you? (work day) |
If my firm underwrites a municipal bond deal (meaning that we help the issuer get the deal to market - they get the funds they need to build a road, school, sewer system, etc. and we get the bonds) - then I would help oversee our sales force's efforts to market the bonds to their customer book.
My desk also would trade bonds with other broker/dealers on the street, meaning that if another firm had attractive bonds on their inventory that I think were a good deal and that our salespeople could sell, I would buy those bonds and hold them in our inventory while our salespeople worked them. If the market moves and those bonds started looking bad, we would sell them to other dealers on the street.
Wheelin' n' dealin' mainly.