BarCap hires Merrill Lynch agency trading head

Barclays Capital has hired Michael Graf as head of US dollar agency, supra sovereign and covered bond trading.

Based in New York, Graf manages a team of nine traders. He reports to Michael Yarian, head of dollar non-linear trading.

Graf joins BarCap from Merrill Lynch where he ran agency trading. He previously held similar roles at Greenwich Capital and Lehman Brothers. He also served as chair of the Bond Market Association’s federal agency committee in 2003.

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