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

September 15, 2021
$773,684,226
Thoughtworks Holding, Inc.

36,842,106 Shares (IPO)

Co-Manager
CastleOak Securities, L.P.
September 14, 2021
$425,000,000
New Residential Investment Corp.

7.000% Perp NC5 (PFD)

Selling-Group
CastleOak Securities, L.P.
September 13, 2021
$375,000,000
Protective Life Global Funding

1.303% 9/20/2026 (5yr)

Co-Manager
CastleOak Securities, L.P.
September 13, 2021
$2,900,000,000
Bank of Nova Scotia

0.400% 9/15/2023 (2yr)

FRN 9/15/2023 (2yr FRN)

1.300% 9/15/2026 (5yr)

FRN 9/15/2026 (5yr FRN)

Co-Manager
CastleOak Securities, L.P.
September 13, 2021
$500,000,000
Johnson Controls International

2.000% 9/16/2031 (10yr Sustainability Bond)

Co-Manager
CastleOak Securities, L.P.
September 8, 2021
$1,000,000,000
Mizuho Financial Group

2.564% 9/13/2031 (10yr Subordinated Notes)

Co-Manager
CastleOak Securities, L.P.
September 8, 2021
$7,000,000,000
Walmart Inc.

1.050% 9/17/2026 (5yr)

1.500% 9/22/2028 (7yr)

1.800% 9/22/2031 (10yr Sustainability Bond)

2.500% 9/22/2041 (20yr)

2.650% 9/22/2051 (30yr)

Co-Manager
CastleOak Securities, L.P.
September 8, 2021
€1,800,000,000 £250,000,000
Eli Lilly and Company

0.500% 9/14/2033 (12yr Euro Green Bond)

1.125% 9/14/2051 (30yr Euro)

1.375% 9/14/2061 (40yr Euro)

0.500% 9/14/2023 (22yr Sterling)

Co-Manager
CastleOak Securities, L.P.
September 7, 2021
$4,500,000,000
Toronto-Dominion Bank

0.700% 9/10/2024 (3yr)

FRN 9/10/2024 (3yr FRN)

1.250% 9/10/2026 (5yr)

FRN 9/10/2026 (5yr FRN)

2.000% 9/10/2031 (10yr)

Co-Manager
CastleOak Securities, L.P.
August 18, 2021
$337,000,000
New Residential Investment Corp.

2021-INV1 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
August 10, 2021
$3,500,000,000
HSBC Holdings

0.732% 8/17/2024

2.206% 8/17/2029

Co-Manager
CastleOak Securities, L.P.
August 5, 2021
$1,500,000,000
Ford Motor Credit

2.700% 8/10/2027

Co-Manager
CastleOak Securities, L.P.
August 3, 2021
$4,000,000,000
UBS Group AG

0.700% 8/09/2024

FRN 8/09/2024

1.494% 8/10/2027

Lead-Manager
CastleOak Securities, L.P.
August 2, 2021
$3,750,000,000
Credit Suisse AG NY Branch

0.520% 8/09/2023

FRN 8/09/2023

1.250% 8/10/2027

Co-Manager
CastleOak Securities, L.P.
July 30, 2021
$614,000,000
Credit Suisse

CSMC 2021-RPL6 (Various Tranches)

CSMC 2021-NQM5 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
July 29, 2021
$500,000,000
New York Life

1.850% 8/01/2031

Co-Manager
CastleOak Securities, L.P.
July 27, 2021
$1,000,000,000
Capital One Financial

2.359% 7/21/2032

Co-Manager
CastleOak Securities, L.P.
July 27, 2021
€615,000,000
Nasdaq, Inc.

0.900% 7/30/2033 (EURO)

Co-Manager
CastleOak Securities, L.P.
July 26, 2021
$1,500,000,000
Royal Bank of Canada

SOFR FRN 7/29/2024

0.675% 7/29/2024

Co-Manager
CastleOak Securities, L.P.
July 22, 2021
$2,000,000,000
JPMorgan Chase

4.200% PFD

Underwriter
CastleOak Securities, L.P.
July 15, 2021
$3,500,000,000
Morgan Stanley

2.239% 7/21/2032

Lead-Manager
CastleOak Securities, L.P.
July 7, 2021
$377,000,000
Amherst Residential

Amherst 2021 SFR-2 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
July 6, 2021
$1,700,000,000
Bank of Montreal

0.625% 7/09/2024

FRN 7/09/2024

Co-Manager
CastleOak Securities, L.P.
July 6, 2021
$1,750,000,000
Mizuho Financial Group

1.554% 7/09/2027

2.260% 7/09/2032

Co-Manager
CastleOak Securities, L.P.
July 1, 2021
$233,000,000
Credit Suisse

CSMC 2021-NQM4 (RMBS) Various Tranches

Co-Manager
CastleOak Securities, L.P.
September 15, 2021
$773,684,226
Thoughtworks Holding, Inc.

36,842,106 Shares (IPO)

Co-Manager
CastleOak Securities, L.P.
September 14, 2021
$425,000,000
New Residential Investment Corp.

7.000% Perp NC5 (PFD)

Selling-Group
CastleOak Securities, L.P.
September 13, 2021
$375,000,000
Protective Life Global Funding

1.303% 9/20/2026 (5yr)

Co-Manager
CastleOak Securities, L.P.
September 13, 2021
$2,900,000,000
Bank of Nova Scotia

0.400% 9/15/2023 (2yr)

FRN 9/15/2023 (2yr FRN)

1.300% 9/15/2026 (5yr)

FRN 9/15/2026 (5yr FRN)

Co-Manager
CastleOak Securities, L.P.
September 13, 2021
$500,000,000
Johnson Controls International

2.000% 9/16/2031 (10yr Sustainability Bond)

Co-Manager
CastleOak Securities, L.P.
September 8, 2021
$1,000,000,000
Mizuho Financial Group

2.564% 9/13/2031 (10yr Subordinated Notes)

Co-Manager
CastleOak Securities, L.P.
September 8, 2021
$7,000,000,000
Walmart Inc.

1.050% 9/17/2026 (5yr)

1.500% 9/22/2028 (7yr)

1.800% 9/22/2031 (10yr Sustainability Bond)

2.500% 9/22/2041 (20yr)

2.650% 9/22/2051 (30yr)

Co-Manager
CastleOak Securities, L.P.
September 8, 2021
€1,800,000,000 £250,000,000
Eli Lilly and Company

0.500% 9/14/2033 (12yr Euro Green Bond)

1.125% 9/14/2051 (30yr Euro)

1.375% 9/14/2061 (40yr Euro)

0.500% 9/14/2023 (22yr Sterling)

Co-Manager
CastleOak Securities, L.P.
September 7, 2021
$4,500,000,000
Toronto-Dominion Bank

0.700% 9/10/2024 (3yr)

FRN 9/10/2024 (3yr FRN)

1.250% 9/10/2026 (5yr)

FRN 9/10/2026 (5yr FRN)

2.000% 9/10/2031 (10yr)

Co-Manager
CastleOak Securities, L.P.
August 18, 2021
$337,000,000
New Residential Investment Corp.

2021-INV1 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
August 10, 2021
$3,500,000,000
HSBC Holdings

0.732% 8/17/2024

2.206% 8/17/2029

Co-Manager
CastleOak Securities, L.P.
August 5, 2021
$1,500,000,000
Ford Motor Credit

2.700% 8/10/2027

Co-Manager
CastleOak Securities, L.P.
August 3, 2021
$4,000,000,000
UBS Group AG

0.700% 8/09/2024

FRN 8/09/2024

1.494% 8/10/2027

Lead-Manager
CastleOak Securities, L.P.
August 2, 2021
$3,750,000,000
Credit Suisse AG NY Branch

0.520% 8/09/2023

FRN 8/09/2023

1.250% 8/10/2027

Co-Manager
CastleOak Securities, L.P.
July 30, 2021
$614,000,000
Credit Suisse

CSMC 2021-RPL6 (Various Tranches)

CSMC 2021-NQM5 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
July 29, 2021
$500,000,000
New York Life

1.850% 8/01/2031

Co-Manager
CastleOak Securities, L.P.
July 27, 2021
$1,000,000,000
Capital One Financial

2.359% 7/21/2032

Co-Manager
CastleOak Securities, L.P.
July 27, 2021
€615,000,000
Nasdaq, Inc.

0.900% 7/30/2033 (EURO)

Co-Manager
CastleOak Securities, L.P.
July 26, 2021
$1,500,000,000
Royal Bank of Canada

SOFR FRN 7/29/2024

0.675% 7/29/2024

Co-Manager
CastleOak Securities, L.P.
July 22, 2021
$2,000,000,000
JPMorgan Chase

4.200% PFD

Underwriter
CastleOak Securities, L.P.
July 15, 2021
$3,500,000,000
Morgan Stanley

2.239% 7/21/2032

Lead-Manager
CastleOak Securities, L.P.
July 7, 2021
$377,000,000
Amherst Residential

Amherst 2021 SFR-2 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
July 6, 2021
$1,700,000,000
Bank of Montreal

0.625% 7/09/2024

FRN 7/09/2024

Co-Manager
CastleOak Securities, L.P.
July 6, 2021
$1,750,000,000
Mizuho Financial Group

1.554% 7/09/2027

2.260% 7/09/2032

Co-Manager
CastleOak Securities, L.P.
July 1, 2021
$233,000,000
Credit Suisse

CSMC 2021-NQM4 (RMBS) Various Tranches

Co-Manager
CastleOak Securities, L.P.
September 15, 2021
$773,684,226
Thoughtworks Holding, Inc.

36,842,106 Shares (IPO)

Co-Manager
CastleOak Securities, L.P.
September 14, 2021
$425,000,000
New Residential Investment Corp.

7.000% Perp NC5 (PFD)

Selling-Group
CastleOak Securities, L.P.
September 13, 2021
$375,000,000
Protective Life Global Funding

1.303% 9/20/2026 (5yr)

Co-Manager
CastleOak Securities, L.P.
September 13, 2021
$2,900,000,000
Bank of Nova Scotia

0.400% 9/15/2023 (2yr)

FRN 9/15/2023 (2yr FRN)

1.300% 9/15/2026 (5yr)

FRN 9/15/2026 (5yr FRN)

Co-Manager
CastleOak Securities, L.P.
September 13, 2021
$500,000,000
Johnson Controls International

2.000% 9/16/2031 (10yr Sustainability Bond)

Co-Manager
CastleOak Securities, L.P.
September 8, 2021
$1,000,000,000
Mizuho Financial Group

2.564% 9/13/2031 (10yr Subordinated Notes)

Co-Manager
CastleOak Securities, L.P.
September 8, 2021
$7,000,000,000
Walmart Inc.

1.050% 9/17/2026 (5yr)

1.500% 9/22/2028 (7yr)

1.800% 9/22/2031 (10yr Sustainability Bond)

2.500% 9/22/2041 (20yr)

2.650% 9/22/2051 (30yr)

Co-Manager
CastleOak Securities, L.P.
September 8, 2021
€1,800,000,000 £250,000,000
Eli Lilly and Company

0.500% 9/14/2033 (12yr Euro Green Bond)

1.125% 9/14/2051 (30yr Euro)

1.375% 9/14/2061 (40yr Euro)

0.500% 9/14/2023 (22yr Sterling)

Co-Manager
CastleOak Securities, L.P.
September 7, 2021
$4,500,000,000
Toronto-Dominion Bank

0.700% 9/10/2024 (3yr)

FRN 9/10/2024 (3yr FRN)

1.250% 9/10/2026 (5yr)

FRN 9/10/2026 (5yr FRN)

2.000% 9/10/2031 (10yr)

Co-Manager
CastleOak Securities, L.P.
August 18, 2021
$337,000,000
New Residential Investment Corp.

2021-INV1 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
August 10, 2021
$3,500,000,000
HSBC Holdings

0.732% 8/17/2024

2.206% 8/17/2029

Co-Manager
CastleOak Securities, L.P.
August 5, 2021
$1,500,000,000
Ford Motor Credit

2.700% 8/10/2027

Co-Manager
CastleOak Securities, L.P.
August 3, 2021
$4,000,000,000
UBS Group AG

0.700% 8/09/2024

FRN 8/09/2024

1.494% 8/10/2027

Lead-Manager
CastleOak Securities, L.P.
August 2, 2021
$3,750,000,000
Credit Suisse AG NY Branch

0.520% 8/09/2023

FRN 8/09/2023

1.250% 8/10/2027

Co-Manager
CastleOak Securities, L.P.
July 30, 2021
$614,000,000
Credit Suisse

CSMC 2021-RPL6 (Various Tranches)

CSMC 2021-NQM5 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
July 29, 2021
$500,000,000
New York Life

1.850% 8/01/2031

Co-Manager
CastleOak Securities, L.P.
July 27, 2021
$1,000,000,000
Capital One Financial

2.359% 7/21/2032

Co-Manager
CastleOak Securities, L.P.
July 27, 2021
€615,000,000
Nasdaq, Inc.

0.900% 7/30/2033 (EURO)

Co-Manager
CastleOak Securities, L.P.
July 26, 2021
$1,500,000,000
Royal Bank of Canada

SOFR FRN 7/29/2024

0.675% 7/29/2024

Co-Manager
CastleOak Securities, L.P.
July 22, 2021
$2,000,000,000
JPMorgan Chase

4.200% PFD

Underwriter
CastleOak Securities, L.P.
July 15, 2021
$3,500,000,000
Morgan Stanley

2.239% 7/21/2032

Lead-Manager
CastleOak Securities, L.P.
July 7, 2021
$377,000,000
Amherst Residential

Amherst 2021 SFR-2 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
July 6, 2021
$1,700,000,000
Bank of Montreal

0.625% 7/09/2024

FRN 7/09/2024

Co-Manager
CastleOak Securities, L.P.
July 6, 2021
$1,750,000,000
Mizuho Financial Group

1.554% 7/09/2027

2.260% 7/09/2032

Co-Manager
CastleOak Securities, L.P.
July 1, 2021
$233,000,000
Credit Suisse

CSMC 2021-NQM4 (RMBS) Various Tranches

Co-Manager
CastleOak Securities, L.P.
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