Fixed Income Sales & Trading

Our Fixed Income Sales and Trading team’s expertise is extensive and is devoted to the distribution of a full array of fixed income products and ideas to our clients.

The team’s capability is extensive across product lines, with an average tenure of over 25 years in servicing all fixed income client needs. This expertise has helped facilitate liquidity and problem solving to many different client situations throughout the credit and interest rate cycles.

CastleOak employs 20 fixed income professionals responsible for an average daily trading volume of $1.9 billion. Our approach is simple: We strive to identify and efficiently communicate superior relative value to all our clients. Our professionals have deep experience and expertise, and we leverage this knowledge with unique use of technology.

The Fixed Income team transacts in a variety of asset classes in both the primary and secondary markets:

U.S. Treasuries
Government Agencies & GSEs
Supranationals
Corporates
Money Markets
  • Commercial paper
  • Yankee CDs
Structured Products
  • MBS
  • ABS
  • CMBS
  • CRT
Preferreds

Notable New & Recent Transactions

March 22, 2021
$301,736,000
Freddie Mac

ML-09 Tax-Exempt Multifamily Sustainability Bonds

Co-Manager
CastleOak Securities, L.P.
First AFDB Benchmark Deal Co-Lead Managed by a Diverse Dealer
March 16, 2021
$2,500,000,000
African Development Bank

0.875% Benchmark Notes due 2020

Senior Co-Lead Manager
CastleOak Securities, L.P.
March 2, 2021
$715,362,729
Fannie Mae

GeMS 2021-M1G Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
February 1, 2021
$369,934,728
Freddie Mac

ML-08 Tax-Exempt Multifamily Sustainability Bonds

Co-Manager
CastleOak Securities, L.P.
December 14, 2020
$585,616,000
Freddie Mac

K-G04 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
October 23, 2020
$2,500,000,000
Citigroup Inc.

0.776% Fixed-to-Floating Rate Affordable Housing Bonds due 2024

Joint Bookrunner
CastleOak Securities, L.P.
October 16, 2020
$536,000,000
Fannie Mae

GeMS 2020-M46 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
First SOFR-Indexed Credit Risk Transfer Transaction
October 13, 2020
$1,086,000,000
Freddie Mac

STACR 2020-DNA5

Selling Group Member
CastleOak Securities, L.P.
October 9, 2020
$535,651,000
Freddie Mac

K-SG1 Sustainability Bond Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
September 17, 2020
$31,011,097
Freddie Mac

WE2022 Social Tax-Exempt Multifamily Loan PC

Co-Manager
CastleOak Securities, L.P.
Largest-Ever Supra SOFR-Indexed Bond
September 11, 2020
$1,500,000,000
International Bank for Reconstruction and Development

SOFR+0.31% Floating Rate Notes due 2025

Senior Co-Lead Manager
CastleOak Securities, L.P.
September 9, 2020
$1,000,000,000
J.P.Morgan

1.653% Fixed-to-Floating Rate Green Bonds due 2024

Co-Manager
CastleOak Securities, L.P.
August 6, 2020
$549,980,000
Freddie Mac

K-G03 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
Largest-Ever Farmer Mac Medium-Term Note
June 12, 2020
$350,000,000
Farmer Mac

LIBOR-0.10% Floating Rate Notes due 2022

Sole Manager
CastleOak Securities, L.P.
May 11, 2020
$529,382,000
Fannie Mae

GeMS 2020-M20 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
Largest-Ever Supra Bond Issue
April 15, 2020
$8,000,000,000
International Bank for Reconstruction and Development

Good Health and Well-Being 0.625% Fixed Rate Notes due 2025

Senior Co-Lead Manager
CastleOak Securities, L.P.
Largest-Ever Supra Bond Issue
April 15, 2020
$8,000,000,000
International Bank for Reconstruction and Development

Good Health and Well-Being 0.625% Fixed Rate Notes due 2025

Senior Co-Lead Manager
CastleOak Securities, L.P.
2019 CMBS Deal of the Year: First SOFR-Indexed ACMBS Deal
December 12, 2019
$765,000,000
Freddie Mac

K-F73 Multifamily Certificates Indexed to LIBOR and SOFR

Co-Manager
CastleOak Securities, L.P.
June 17, 2019
$435,161,000
Freddie Mac

K-G01 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
First Minority-Owned Co-Manager of IFC Global Notes
July 23, 2018
$2,000,000,000
International Finance Corporation

2.875% Global Notes due 2023

Co-Manager
CastleOak Securities, L.P.
Largest 2018 Supra Fed Funds Floater
February 23, 2018
$225,000,000
International Bank for Reconstruction and Development

Fed Funds + 0.24% Floating Rate Notes due 2019

Sole Bookrunner
CastleOak Securities, L.P.
First World Bank Amortizing Escrow Notes
December 21, 2017
$21,915,757
International Bank for Reconstruction and Development

Zero Coupon Amortizing Escrow Notes due 2019

Structuring and Underwriting
CastleOak Securities, L.P.
First IFC Social MTN in the U.S.
August 4, 2017
$25,000,000
International Finance Corporation

1.620% Social Notes due 2020

Sole Bookrunner
CastleOak Securities, L.P.
First IFC Social MTN in the U.S.
August 4, 2017
$25,000,000
International Finance Corporation

1.620% Social Notes due 2020

Sole Bookrunner
CastleOak Securities, L.P.
First Agency Benchmark Deal Lead-Managed by a Diverse Dealer
July 28, 2017
$3,000,000,000
Fannie Mae

1.500% Benchmark Notes due 2020

Joint Lead-Manager
CastleOak Securities, L.P.
March 22, 2021
$301,736,000
Freddie Mac

ML-09 Tax-Exempt Multifamily Sustainability Bonds

Co-Manager
CastleOak Securities, L.P.
First AFDB Benchmark Deal Co-Lead Managed by a Diverse Dealer
March 16, 2021
$2,500,000,000
African Development Bank

0.875% Benchmark Notes due 2020

Senior Co-Lead Manager
CastleOak Securities, L.P.
March 2, 2021
$715,362,729
Fannie Mae

GeMS 2021-M1G Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
February 1, 2021
$369,934,728
Freddie Mac

ML-08 Tax-Exempt Multifamily Sustainability Bonds

Co-Manager
CastleOak Securities, L.P.
December 14, 2020
$585,616,000
Freddie Mac

K-G04 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
October 23, 2020
$2,500,000,000
Citigroup Inc.

0.776% Fixed-to-Floating Rate Affordable Housing Bonds due 2024

Joint Bookrunner
CastleOak Securities, L.P.
October 16, 2020
$536,000,000
Fannie Mae

GeMS 2020-M46 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
First SOFR-Indexed Credit Risk Transfer Transaction
October 13, 2020
$1,086,000,000
Freddie Mac

STACR 2020-DNA5

Selling Group Member
CastleOak Securities, L.P.
October 9, 2020
$535,651,000
Freddie Mac

K-SG1 Sustainability Bond Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
September 17, 2020
$31,011,097
Freddie Mac

WE2022 Social Tax-Exempt Multifamily Loan PC

Co-Manager
CastleOak Securities, L.P.
Largest-Ever Supra SOFR-Indexed Bond
September 11, 2020
$1,500,000,000
International Bank for Reconstruction and Development

SOFR+0.31% Floating Rate Notes due 2025

Senior Co-Lead Manager
CastleOak Securities, L.P.
September 9, 2020
$1,000,000,000
J.P.Morgan

1.653% Fixed-to-Floating Rate Green Bonds due 2024

Co-Manager
CastleOak Securities, L.P.
August 6, 2020
$549,980,000
Freddie Mac

K-G03 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
Largest-Ever Farmer Mac Medium-Term Note
June 12, 2020
$350,000,000
Farmer Mac

LIBOR-0.10% Floating Rate Notes due 2022

Sole Manager
CastleOak Securities, L.P.
May 11, 2020
$529,382,000
Fannie Mae

GeMS 2020-M20 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
Largest-Ever Supra Bond Issue
April 15, 2020
$8,000,000,000
International Bank for Reconstruction and Development

Good Health and Well-Being 0.625% Fixed Rate Notes due 2025

Senior Co-Lead Manager
CastleOak Securities, L.P.
Largest-Ever Supra Bond Issue
April 15, 2020
$8,000,000,000
International Bank for Reconstruction and Development

Good Health and Well-Being 0.625% Fixed Rate Notes due 2025

Senior Co-Lead Manager
CastleOak Securities, L.P.
2019 CMBS Deal of the Year: First SOFR-Indexed ACMBS Deal
December 12, 2019
$765,000,000
Freddie Mac

K-F73 Multifamily Certificates Indexed to LIBOR and SOFR

Co-Manager
CastleOak Securities, L.P.
June 17, 2019
$435,161,000
Freddie Mac

K-G01 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
First Minority-Owned Co-Manager of IFC Global Notes
July 23, 2018
$2,000,000,000
International Finance Corporation

2.875% Global Notes due 2023

Co-Manager
CastleOak Securities, L.P.
Largest 2018 Supra Fed Funds Floater
February 23, 2018
$225,000,000
International Bank for Reconstruction and Development

Fed Funds + 0.24% Floating Rate Notes due 2019

Sole Bookrunner
CastleOak Securities, L.P.
First World Bank Amortizing Escrow Notes
December 21, 2017
$21,915,757
International Bank for Reconstruction and Development

Zero Coupon Amortizing Escrow Notes due 2019

Structuring and Underwriting
CastleOak Securities, L.P.
First IFC Social MTN in the U.S.
August 4, 2017
$25,000,000
International Finance Corporation

1.620% Social Notes due 2020

Sole Bookrunner
CastleOak Securities, L.P.
First IFC Social MTN in the U.S.
August 4, 2017
$25,000,000
International Finance Corporation

1.620% Social Notes due 2020

Sole Bookrunner
CastleOak Securities, L.P.
First Agency Benchmark Deal Lead-Managed by a Diverse Dealer
July 28, 2017
$3,000,000,000
Fannie Mae

1.500% Benchmark Notes due 2020

Joint Lead-Manager
CastleOak Securities, L.P.
March 22, 2021
$301,736,000
Freddie Mac

ML-09 Tax-Exempt Multifamily Sustainability Bonds

Co-Manager
CastleOak Securities, L.P.
First AFDB Benchmark Deal Co-Lead Managed by a Diverse Dealer
March 16, 2021
$2,500,000,000
African Development Bank

0.875% Benchmark Notes due 2020

Senior Co-Lead Manager
CastleOak Securities, L.P.
March 2, 2021
$715,362,729
Fannie Mae

GeMS 2021-M1G Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
February 1, 2021
$369,934,728
Freddie Mac

ML-08 Tax-Exempt Multifamily Sustainability Bonds

Co-Manager
CastleOak Securities, L.P.
December 14, 2020
$585,616,000
Freddie Mac

K-G04 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
October 23, 2020
$2,500,000,000
Citigroup Inc.

0.776% Fixed-to-Floating Rate Affordable Housing Bonds due 2024

Joint Bookrunner
CastleOak Securities, L.P.
October 16, 2020
$536,000,000
Fannie Mae

GeMS 2020-M46 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
First SOFR-Indexed Credit Risk Transfer Transaction
October 13, 2020
$1,086,000,000
Freddie Mac

STACR 2020-DNA5

Selling Group Member
CastleOak Securities, L.P.
October 9, 2020
$535,651,000
Freddie Mac

K-SG1 Sustainability Bond Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
September 17, 2020
$31,011,097
Freddie Mac

WE2022 Social Tax-Exempt Multifamily Loan PC

Co-Manager
CastleOak Securities, L.P.
Largest-Ever Supra SOFR-Indexed Bond
September 11, 2020
$1,500,000,000
International Bank for Reconstruction and Development

SOFR+0.31% Floating Rate Notes due 2025

Senior Co-Lead Manager
CastleOak Securities, L.P.
September 9, 2020
$1,000,000,000
J.P.Morgan

1.653% Fixed-to-Floating Rate Green Bonds due 2024

Co-Manager
CastleOak Securities, L.P.
August 6, 2020
$549,980,000
Freddie Mac

K-G03 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
Largest-Ever Farmer Mac Medium-Term Note
June 12, 2020
$350,000,000
Farmer Mac

LIBOR-0.10% Floating Rate Notes due 2022

Sole Manager
CastleOak Securities, L.P.
May 11, 2020
$529,382,000
Fannie Mae

GeMS 2020-M20 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
Largest-Ever Supra Bond Issue
April 15, 2020
$8,000,000,000
International Bank for Reconstruction and Development

Good Health and Well-Being 0.625% Fixed Rate Notes due 2025

Senior Co-Lead Manager
CastleOak Securities, L.P.
Largest-Ever Supra Bond Issue
April 15, 2020
$8,000,000,000
International Bank for Reconstruction and Development

Good Health and Well-Being 0.625% Fixed Rate Notes due 2025

Senior Co-Lead Manager
CastleOak Securities, L.P.
2019 CMBS Deal of the Year: First SOFR-Indexed ACMBS Deal
December 12, 2019
$765,000,000
Freddie Mac

K-F73 Multifamily Certificates Indexed to LIBOR and SOFR

Co-Manager
CastleOak Securities, L.P.
June 17, 2019
$435,161,000
Freddie Mac

K-G01 Green Multifamily Structured Certificates

Co-Manager
CastleOak Securities, L.P.
First Minority-Owned Co-Manager of IFC Global Notes
July 23, 2018
$2,000,000,000
International Finance Corporation

2.875% Global Notes due 2023

Co-Manager
CastleOak Securities, L.P.
Largest 2018 Supra Fed Funds Floater
February 23, 2018
$225,000,000
International Bank for Reconstruction and Development

Fed Funds + 0.24% Floating Rate Notes due 2019

Sole Bookrunner
CastleOak Securities, L.P.
First World Bank Amortizing Escrow Notes
December 21, 2017
$21,915,757
International Bank for Reconstruction and Development

Zero Coupon Amortizing Escrow Notes due 2019

Structuring and Underwriting
CastleOak Securities, L.P.
First IFC Social MTN in the U.S.
August 4, 2017
$25,000,000
International Finance Corporation

1.620% Social Notes due 2020

Sole Bookrunner
CastleOak Securities, L.P.
First IFC Social MTN in the U.S.
August 4, 2017
$25,000,000
International Finance Corporation

1.620% Social Notes due 2020

Sole Bookrunner
CastleOak Securities, L.P.
First Agency Benchmark Deal Lead-Managed by a Diverse Dealer
July 28, 2017
$3,000,000,000
Fannie Mae

1.500% Benchmark Notes due 2020

Joint Lead-Manager
CastleOak Securities, L.P.
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