By Mikaela, Sara and Midia – telling about their first two weeks as interns
Midia: During my first and second week at Nordea Markets, I have been introduced to different areas of the trading floor and the rest of the Markets departments. My time has been divided between learning sessions and practical assignments that deepen my knowledge about the logic behind the numbers on the screens. I have had to pick up on a lot of new terminology and learned how to construct yield curves, calculate forward rates, and much more.
I have also learned which factors come into play when pricing, and I recently started constructing a dataset for a future project. My first two weeks have been packed with interesting knowledge and opportunities to learn more about areas I am interested in. Hopefully, this will continue during the rest of the internship!
Sara & Mikaela: We began our fist week at the Derivatives desk where we learned about different types of swaps and the relationship between the swap rate and STIBOR. This landed in many interesting discussions about the interest rates in Sweden and pros and cons in binding loans for a longer period. At one point, we also sat down next to a senior while doing a swap deal which gave us insights in how the system and pricing of swaps works.
This week, we have moved on to Macro Research where we have discussed the current macro situation in Sweden and the world. Our case this week is about the income growth in 2020 and how it has been affected by the pandemic and how income growth is related to inflation. Further, we have also helped out with the morning brief, which is a summary of the past events in the economy worldwide and the current macro data.
We are currently in our second week of the internship, and so far it has been great! We look very much forward to the next weeks here :-).