New study reveals that most people slinging bonds these days regret the life choices that led them down this sorry path.
Won't somebody please think of the children?
The slipperiest naughty bond trader around is going away for a bit.
"Actually..." - Every bond trader you know
Are they taking crazy pills or is Janet Yellen?
In pay, promotions, and r-e-s-p-e-c-t.
Morgan Stanley's roadmap to the future involves fewer humans, more machines. In a move to repair its flagging bond-trading business, Morgan Stanley is scrambling to replace some of its well-paid bond traders with computers. The New York company is hiring programmers and technology specialists to help it trade bonds electronically and handle client orders in the hope of exploiting an expected shift in the way bonds and other fixed income products are traded. While the effort represents only a part of what the firm is doing to boost low returns in the business, the shift already has reduced the ranks of interest-rate and foreign-exchange traders on some desks by 10% to 20%. Morgan Stanley's head of interest-rate trading, Glenn Hadden, has told colleagues in recent months and that the trading floor of the future will surround a few traders with the hum of powerful machines. Man vs. Machine At Morgan Stanley (WSJ)