Municipal Bond Trader

## Municipal Bond Trader Apply:
Baltimore, MD:
Full time:
Posted Today:
84284

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.
** Role Summary
** T. Rowe Price is seeking a Municipal Bond Trader with 3+ years of experience to join the Municipal Bond Investments team within the Fixed Income platform. The trader will execute municipal bond transactions and work with portfolio managers and research analysts to implement investment views, manage risk, and support performance across municipal strategies. The role requires an investment-oriented trader who can add value immediately through market insight, disciplined execution, and strong dealer connectivity.

The position sits within a research-driven platform where trading is a core part of the investment process.

The successful candidate will be an innovative municipal bond professional with deep knowledge of market structure, liquidity, and relative value, along with strong market intuition and disciplined execution. This individual will value strong dealer relationships while embracing data, technology, and the continued evolution of the municipal market. With a clear passion for the asset class and a strong commitment to client outcomes, the trader will be prepared to contribute from day one and help advance a high-performing Municipal Bond Investments team within the broader fixed income platform.
** Responsibilities
* ** Execute primary and secondary municipal bond trades with a focus on best execution, liquidity, and transaction cost.
* Work with portfolio managers and analysts to express views across the curve, sectors, structures, and credits in municipal portfolios.
* Provide timely market color, including dealer axes, flows, bid-wanted activity, new issue calendars, and relative value across sectors and issuers.
* Identify and communicate relative value opportunities, dislocations, and liquidity conditions that inform portfolio construction and alpha generation.
* Build and maintain relationships with dealers, trading platforms, and other counter parties to enhance liquidity and idea flow.
* Support modernization of the municipal trading function through use of electronic trading, data and analytics, and scalable workflows.
* Share views on trading levels, technicals, liquidity, and market structure with the broader Fixed Income team.
* Trade within established risk limits, portfolio guidelines, and regulatory requirements, maintaining strong control and discipline.
** Qualifications
* **
* Required:

*** At least 3+ years of experience in municipal bond trading, municipal investing, or a related fixed income investment role.
* Strong understanding of the municipal market, including sector and structure dynamics, liquidity, relative value, and credit.
*…