US Rates Strategy - Analyst

JPMorgan Chase & Co.; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

JPMorganChase's US Rates Strategy team in New York City is seeking an Analyst to develop analytics, models, and written content that support the team's views across UST cash, TIPS, and Agency/SSA markets.

The role emphasizes strong fundamentals, rigorous data work in Python and Excel, and collaboration with Sales & Trading to deliver timely research for institutional clients; new graduates are welcome.

Qualifications

• 0+ years of experience in markets, research, analytics, or related roles; new graduates welcome.
• Clear interest in macro and rates markets with desire to learn US Treasuries, TIPS, Agencies, and SSA.
• Strong oral and written communication skills to explain analyses clearly.
• Proficiency in Python for data analysis and reusable code.
• Attention to detail and comfort working with data in Excel.
• Ability to manage multiple priorities and collaborate across a team.

Responsibilities

• Support daily research production by monitoring macro and rates developments and updating publications.
• Build and maintain analytics in Python and Excel for relative value, curve, and inflation analyses.
• Develop cash rates strategy frameworks with scenario analysis and backtests.
• Contribute to written research by drafting sections and creating exhibits.
• Collaborate with Sales & Trading and related teams to add market color and answer questions.
• Use JPMorganChase AI tools to accelerate research workflows with quality controls.

Skills

Python

Written communication

Team collaboration

Attention to detail

Data analysis

Tools

Pandas

Numpy

Matplotlib

Excel

Job description

JPMorganChase's US Rates Strategy team within CIB Global Research delivers actionable research and trade frameworks across US Treasuries (cash), TIPS, and Agency/SSA markets. As an Analyst in New York City, you will work alongside senior strategists to develop the analytics, models, and written content that support the team's core views and publications. This is a fast-paced, front-office research role with meaningful exposure to Sales & Trading and institutional clients through the work you produce.

This role is designed for Analyst-level candidates (typically 0–2 years of experience), and we welcome both internal and external applicants, including new graduates.

Job summary

As an Analyst in our US Rates Strategy team, you will contribute to daily and thematic US rates strategy research by maintaining datasets, building repeatable analytics in Python, producing charts/tables, and supporting the creation of timely written market commentary. The role emphasizes strong fundamentals, attention to detail, and a desire to learn macro rates markets from experienced senior strategists.

Job responsibilities

• Support daily research production by monitoring key macro and rates developments, updating recurring publications, and maintaining core charts and trackers across UST cash, TIPS, Agency/SSA, bills, and repo
• Build and maintain analytical tools and datasets in Python and Excel to support relative value, curve, carry/roll, inflation breakevens, and funding/collateral analysis
• Partner with senior strategists to develop and refine cash rates strategy frameworks by producing scenario analysis, backtests, and clearly documented methodologies
• Contribute to written research by drafting sections, creating exhibits, checking accuracy, and translating quantitative work into clear takeaways for internal and external audiences
• Collaborate with Sales & Trading and adjacent research teams (e.g., Economics, cross-asset strategy) to incorporate market color, respond to ad hoc questions, and support client dialogue, primarily through providing analytics and written content
• Use JPMorganChase's suite of AI tools to accelerate research workflows (e.g., summarization, drafting support, coding assistance) with strong judgment, appropriate controls, and quality checks

Required qualifications, capabilities, and skills

• 0+ years of experience in markets, research, analytics, trading support, or a related role; new graduates are welcome
• Clear interest in macro and rates markets, with a desire to learn US Treasuries (cash), TIPS, Agencies, and SSA
• Strong oral and written communication skills, with the ability to explain analyses clearly and concisely.
• Python proficiency (ability to write clean, reusable code for data analysis). Experience with common libraries (e.g., pandas, numpy, matplotlib/plotly) is a plus
• Strong attention to detail and comfort working with data in Excel
• Ability to manage multiple priorities in a time-sensitive environment and collaborate effectively across a team
• Comfort learning and using JPMorganChase AI tooling as part of day-to-day research workflows

Preferred qualifications, capabilities, and skills

• Coursework or prior exposure to fixed income markets, macroeconomics, inflation, and/or money markets (bills/repo)
• Familiarity with market data tools (e.g., Bloomberg) and working with time-series financial datasets
• Prior experience producing research notes, publications, or analytical write-ups for technical or investment audiences