Muni Quants
“At least for the foreseeable future, quants aren’t going to displace traditional fixed-income traders. Bonds—and especially munis—are by definition less homogeneous than equities and don’t lend themselves to perfect automation.” That’s the assessment by Bloomberg’s Brian Chappatta. In the past, Chappatta has made the point that muni-related roles have been a relative Wall Street oasis for job seekers with the required skills. His latest take is consistent with that theme. Still, it’s not as though technology isn’t muscling in on the muni world. Powerful computers backed by complex math are slowly but surely making their way to this nearly $4-trillion quirky corner of the financial world.