The bank's head of global capital markets is joining a private equity firm; Jefferies
mortgage bond trader is freed from prison.
His wife is a former
mortgage bond trader and his sister also works on the Street, according to a profile in The Glasshammer.
Not exact matches
Bond trader John Paulson famously made billions when the
mortgage - backed securities markets failed in 2008.
But then Wall Street created a market in
mortgage bonds, and the
trader with better information about how and when people refinance made a killing.
DeBiase was most recently a
trader in the Fixed Income division and was responsible for trading, relative value assessment, and analysis of
mortgage - backed securities and corporate
bonds.
The
bond traders that influence long - term rates (like those used for
mortgages) are trying to make educated guesses about where the economy will be in 10 - 15 years.