US Rates Strategist - Treasury Trading

Citigroup Inc.; New York (NY); On-site; USD 120,000 - 160,000; Full time

Job summary

Citigroup Inc. is seeking a highly motivated US Rates Strategist to join their Treasury Trading team in New York. The role involves developing macro and micro investment strategies and collaborating with traders to generate actionable trade ideas and provide in-depth market analysis. The ideal candidate should possess 3-7+ years of experience, a strong quantitative background, and a deep understanding of fixed-income markets. This position is essential for contributing to the trading desk's profitability and effectiveness.

Qualifications

• 3-7+ years of experience in rates strategy or fixed-income research.
• Deep expertise in US interest rate markets and fixed-income mathematics.
• Strong quantitative skills with experience in financial modeling.

Responsibilities

• Conduct comprehensive analysis of macroeconomic data and events.
• Generate and articulate clear, actionable trade ideas.
• Engage with institutional clients to discuss market views and strategies.

Skills

Quantitative analysis

Interest rate markets

Communication skills

Analytical skills

Education

Bachelor’s degree in Finance, Economics, Mathematics, Statistics, Physics, or Computer Science

Master’s or PhD

Tools

Python

SQL

Bloomberg

Job description

We are seeking a highly motivated and analytical US Rates Strategist to join our dynamic Treasury Trading team. The successful candidate will be responsible for developing and articulating macro and micro investment strategies across the US interest rates spectrum. This role is integral to the trading desk, requiring close collaboration with traders to generate actionable trade ideas, provide in-depth market analysis, and contribute to the overall profitability of the business.

The ideal candidate will possess a strong quantitative background, a deep understanding of fixed‑income markets, and the ability to thrive in a fast‑paced, high‑pressure environment.

Key Responsibilities

• Market Analysis & Strategy Development:
  • Conduct comprehensive analysis of macroeconomic data (e.g., inflation, employment, GDP), geopolitical events, and monetary policy to forecast the direction of US interest rates.
  • Monitor and interpret Federal Reserve communications, policy decisions, and their implications for the yield curve and related markets.
  • Develop and maintain quantitative models and analytical frameworks to identify relative value opportunities and mispricings in US Treasury securities (bonds, notes, bills), interest rate swaps, futures, and options.
• Trade Idea Generation & Communication:
  • Generate and articulate clear, concise, and actionable trade ideas for the Treasury trading desk.
  • Produce high‑quality written research, including daily market commentary, thematic deep‑dives, and ad‑hoc analysis for internal distribution.
  • Present market views, strategic outlooks, and specific trade recommendations to traders, sales teams, and senior management.
• Collaboration & Desk Support:
  • Work directly with traders on the desk to refine trade ideas, structure positions, and manage risk.
  • Provide real‑time analysis and commentary on market‑moving events and data releases.
  • Assist in the development of new analytical tools and processes to enhance the desk's trading capabilities.
• Client Interaction (Potential):
  • Engage with institutional clients to discuss market views, present investment strategies, and build the firm's franchise.
  • Contribute to client‑facing publications and marketing efforts.

Qualifications & Requirements

A. Essential Qualifications

• Experience: 3‑7+ years of experience in a rates strategy, fixed‑income research, or macro‑focused role at an investment bank, hedge fund, or asset manager.
• Education: Bachelor’s degree in a highly quantitative field such as Finance, Economics, Mathematics, Statistics, Physics, or Computer Science. A Master’s or PhD is strongly preferred.
• Product Knowledge: Deep expertise in US interest rate markets, including cash Treasuries, futures, options, and swaps. A thorough understanding of fixed‑income mathematics and yield curve dynamics is essential.
• Quantitative Skills: Strong quantitative, analytical, and problem‑solving skills. Proven experience in building and maintaining financial models.
• Technical Skills: Proficiency in programming and data analysis using Python (with libraries like pandas, NumPy, SciPy) and/or R. Experience with database querying (SQL) is also required.
• Data Proficiency: Experience with financial data providers such as Bloomberg, Reuters, and Haver Analytics.

B. Desirable Skills & Experience

• A proven track record of generating profitable trade ideas.
• Experience with advanced statistical and machine learning techniques applied to financial time‑series data.
• Excellent written and verbal communication skills, with the ability to distill complex topics into clear and actionable insights.
• Ability to perform under pressure and manage multiple tasks in a fast‑paced trading floor environment.
• Strong interpersonal skills and a collaborative, team‑oriented mindset.

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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