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

November 8, 2021
$1,000,000,000
Equitable Financial Life Global

1.100% 11/12/2024

1.700% 11/12/2026

Co-Manager
CastleOak Securities, L.P.
November 5, 2021
$600,000,000
Southern Company

FRN 5/10/2023

Co-Manager
CastleOak Securities, L.P.
November 4, 2021
$860,399,000
Pacific Gas & Electric Company

PG&E Energy Recovery Fund A-1 1.460% 7/15/2033

PG&E Energy Recovery Fund A-2 2.280% 1/15/2038

PG&E Energy Recovery Fund A-3 2.822% 7/15/2048

Co-Manager
CastleOak Securities, L.P.
November 4, 2021
$750,000,000
Edison International

5.000% Perp NC5 (PFD)

Co-Manager
CastleOak Securities, L.P.
November 3, 2021
€500,000,000
Colgate-Palmolive Company

0.300% 11/10/2029 (8yr Euro)

Co-Manager
CastleOak Securities, L.P.
November 2, 2021
$2,500,000,000
Deutsche Bank NY

0.962% 11/8/2023

FRN 11/8/2023

Co-Manager
CastleOak Securities, L.P.
November 1, 2021
$334,193,914
Credit Suisse

CSMC 2021-NQM7 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
November 1, 2021
$650,000,000
Southwestern Electric Power

3.250% 11/01/2051 (30yr Green Bond)

Co-Manager
CastleOak Securities, L.P.
November 1, 2021
$300,000,000
Ryder System, Inc.

1.750% 9/01/2026

Co-Manager
CastleOak Securities, L.P.
November 1, 2021
$2,100,000,000
Raytheon Technologies

2.375% 3/15/2032

3.030% 3/15/2052

Co-Manager
CastleOak Securities, L.P.
October 28, 2021
$200,000,000
Focus Impact Acquisition Corp.

20,000,000 Units (IPO)

Co-Manager
CastleOak Securities, L.P.
October 28, 2021
$1,400,000,000
Verizon Communications

VZMT 2021-1 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
October 28, 2021
$500,000,000
Fifth Third Bancorp

1.707% 11/01/2027 (6yr Green Bond)

Co-Manager
CastleOak Securities, L.P.
October 27, 2021
$1,000,000,000
Citigroup Inc.

1.281% 11/03/2025 (4yr Social Bond)

Lead Manager
CastleOak Securities, L.P.
October 27, 2021
$1,300,000,000
US Bancorp

2.491% 11/03/2036

Co-Manager
CastleOak Securities, L.P.
October 26, 2021
$750,000,000
Ally Financial

2.200% 11/02/2028

Co-Manager
CastleOak Securities, L.P.
October 25, 2021
$750,000,000
Synchrony Financial

2.875% 10/28/2031

Co-Manager
CastleOak Securities, L.P.
October 15, 2021
$3,250,000,000
Bank of America

2.572% 10/20/2032 (11NC10 Fxd-FRN)

Co-Manager
CastleOak Securities, L.P.
October 14, 2021
$2,500,000,000
Morgan Stanley & Co.

2.511% 10/20/2032 (11NC10 Fxd-FRN)

Lead Manager
CastleOak Securities, L.P.
October 12, 2021
$2,250,000,000
General Motors Financial

1.200% 10/15/2024

FRN 10/15/2024

2.40% 10/15/2028

Co-Manager
CastleOak Securities, L.P.
October 6, 2021
$3,000,000,000
PepsiCo Inc.

1.950% 10/21/2031

2.625% 10/21/2041

2.750% 10/21/2051

Co-Manager
CastleOak Securities, L.P.
October 5, 2021
$3,000,000,000
Mitsubishi UFJ Financial Group

0.962% 10/11/2025

1.640% 10/13/2027

2.494% 10/13/2032

Co-Manager
CastleOak Securities, L.P.
September 29, 2021
Walmart

Tender Offer

Dealer Manager
CastleOak Securities, L.P.
September 28, 2021
€500,000,000
Pershing Square Holdings

1.375% 10/01/2027 (6yr Euro)

Co-Manager
CastleOak Securities, L.P.
September 27, 2021
$262,000,000
Credit Suisse AG

CSMC 2021-NQM6 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
November 8, 2021
$1,000,000,000
Equitable Financial Life Global

1.100% 11/12/2024

1.700% 11/12/2026

Co-Manager
CastleOak Securities, L.P.
November 5, 2021
$600,000,000
Southern Company

FRN 5/10/2023

Co-Manager
CastleOak Securities, L.P.
November 4, 2021
$860,399,000
Pacific Gas & Electric Company

PG&E Energy Recovery Fund A-1 1.460% 7/15/2033

PG&E Energy Recovery Fund A-2 2.280% 1/15/2038

PG&E Energy Recovery Fund A-3 2.822% 7/15/2048

Co-Manager
CastleOak Securities, L.P.
November 4, 2021
$750,000,000
Edison International

5.000% Perp NC5 (PFD)

Co-Manager
CastleOak Securities, L.P.
November 3, 2021
€500,000,000
Colgate-Palmolive Company

0.300% 11/10/2029 (8yr Euro)

Co-Manager
CastleOak Securities, L.P.
November 2, 2021
$2,500,000,000
Deutsche Bank NY

0.962% 11/8/2023

FRN 11/8/2023

Co-Manager
CastleOak Securities, L.P.
November 1, 2021
$334,193,914
Credit Suisse

CSMC 2021-NQM7 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
November 1, 2021
$650,000,000
Southwestern Electric Power

3.250% 11/01/2051 (30yr Green Bond)

Co-Manager
CastleOak Securities, L.P.
November 1, 2021
$300,000,000
Ryder System, Inc.

1.750% 9/01/2026

Co-Manager
CastleOak Securities, L.P.
November 1, 2021
$2,100,000,000
Raytheon Technologies

2.375% 3/15/2032

3.030% 3/15/2052

Co-Manager
CastleOak Securities, L.P.
October 28, 2021
$200,000,000
Focus Impact Acquisition Corp.

20,000,000 Units (IPO)

Co-Manager
CastleOak Securities, L.P.
October 28, 2021
$1,400,000,000
Verizon Communications

VZMT 2021-1 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
October 28, 2021
$500,000,000
Fifth Third Bancorp

1.707% 11/01/2027 (6yr Green Bond)

Co-Manager
CastleOak Securities, L.P.
October 27, 2021
$1,000,000,000
Citigroup Inc.

1.281% 11/03/2025 (4yr Social Bond)

Lead Manager
CastleOak Securities, L.P.
October 27, 2021
$1,300,000,000
US Bancorp

2.491% 11/03/2036

Co-Manager
CastleOak Securities, L.P.
October 26, 2021
$750,000,000
Ally Financial

2.200% 11/02/2028

Co-Manager
CastleOak Securities, L.P.
October 25, 2021
$750,000,000
Synchrony Financial

2.875% 10/28/2031

Co-Manager
CastleOak Securities, L.P.
October 15, 2021
$3,250,000,000
Bank of America

2.572% 10/20/2032 (11NC10 Fxd-FRN)

Co-Manager
CastleOak Securities, L.P.
October 14, 2021
$2,500,000,000
Morgan Stanley & Co.

2.511% 10/20/2032 (11NC10 Fxd-FRN)

Lead Manager
CastleOak Securities, L.P.
October 12, 2021
$2,250,000,000
General Motors Financial

1.200% 10/15/2024

FRN 10/15/2024

2.40% 10/15/2028

Co-Manager
CastleOak Securities, L.P.
October 6, 2021
$3,000,000,000
PepsiCo Inc.

1.950% 10/21/2031

2.625% 10/21/2041

2.750% 10/21/2051

Co-Manager
CastleOak Securities, L.P.
October 5, 2021
$3,000,000,000
Mitsubishi UFJ Financial Group

0.962% 10/11/2025

1.640% 10/13/2027

2.494% 10/13/2032

Co-Manager
CastleOak Securities, L.P.
September 29, 2021
Walmart

Tender Offer

Dealer Manager
CastleOak Securities, L.P.
September 28, 2021
€500,000,000
Pershing Square Holdings

1.375% 10/01/2027 (6yr Euro)

Co-Manager
CastleOak Securities, L.P.
September 27, 2021
$262,000,000
Credit Suisse AG

CSMC 2021-NQM6 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
November 8, 2021
$1,000,000,000
Equitable Financial Life Global

1.100% 11/12/2024

1.700% 11/12/2026

Co-Manager
CastleOak Securities, L.P.
November 5, 2021
$600,000,000
Southern Company

FRN 5/10/2023

Co-Manager
CastleOak Securities, L.P.
November 4, 2021
$860,399,000
Pacific Gas & Electric Company

PG&E Energy Recovery Fund A-1 1.460% 7/15/2033

PG&E Energy Recovery Fund A-2 2.280% 1/15/2038

PG&E Energy Recovery Fund A-3 2.822% 7/15/2048

Co-Manager
CastleOak Securities, L.P.
November 4, 2021
$750,000,000
Edison International

5.000% Perp NC5 (PFD)

Co-Manager
CastleOak Securities, L.P.
November 3, 2021
€500,000,000
Colgate-Palmolive Company

0.300% 11/10/2029 (8yr Euro)

Co-Manager
CastleOak Securities, L.P.
November 2, 2021
$2,500,000,000
Deutsche Bank NY

0.962% 11/8/2023

FRN 11/8/2023

Co-Manager
CastleOak Securities, L.P.
November 1, 2021
$334,193,914
Credit Suisse

CSMC 2021-NQM7 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
November 1, 2021
$650,000,000
Southwestern Electric Power

3.250% 11/01/2051 (30yr Green Bond)

Co-Manager
CastleOak Securities, L.P.
November 1, 2021
$300,000,000
Ryder System, Inc.

1.750% 9/01/2026

Co-Manager
CastleOak Securities, L.P.
November 1, 2021
$2,100,000,000
Raytheon Technologies

2.375% 3/15/2032

3.030% 3/15/2052

Co-Manager
CastleOak Securities, L.P.
October 28, 2021
$200,000,000
Focus Impact Acquisition Corp.

20,000,000 Units (IPO)

Co-Manager
CastleOak Securities, L.P.
October 28, 2021
$1,400,000,000
Verizon Communications

VZMT 2021-1 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
October 28, 2021
$500,000,000
Fifth Third Bancorp

1.707% 11/01/2027 (6yr Green Bond)

Co-Manager
CastleOak Securities, L.P.
October 27, 2021
$1,000,000,000
Citigroup Inc.

1.281% 11/03/2025 (4yr Social Bond)

Lead Manager
CastleOak Securities, L.P.
October 27, 2021
$1,300,000,000
US Bancorp

2.491% 11/03/2036

Co-Manager
CastleOak Securities, L.P.
October 26, 2021
$750,000,000
Ally Financial

2.200% 11/02/2028

Co-Manager
CastleOak Securities, L.P.
October 25, 2021
$750,000,000
Synchrony Financial

2.875% 10/28/2031

Co-Manager
CastleOak Securities, L.P.
October 15, 2021
$3,250,000,000
Bank of America

2.572% 10/20/2032 (11NC10 Fxd-FRN)

Co-Manager
CastleOak Securities, L.P.
October 14, 2021
$2,500,000,000
Morgan Stanley & Co.

2.511% 10/20/2032 (11NC10 Fxd-FRN)

Lead Manager
CastleOak Securities, L.P.
October 12, 2021
$2,250,000,000
General Motors Financial

1.200% 10/15/2024

FRN 10/15/2024

2.40% 10/15/2028

Co-Manager
CastleOak Securities, L.P.
October 6, 2021
$3,000,000,000
PepsiCo Inc.

1.950% 10/21/2031

2.625% 10/21/2041

2.750% 10/21/2051

Co-Manager
CastleOak Securities, L.P.
October 5, 2021
$3,000,000,000
Mitsubishi UFJ Financial Group

0.962% 10/11/2025

1.640% 10/13/2027

2.494% 10/13/2032

Co-Manager
CastleOak Securities, L.P.
September 29, 2021
Walmart

Tender Offer

Dealer Manager
CastleOak Securities, L.P.
September 28, 2021
€500,000,000
Pershing Square Holdings

1.375% 10/01/2027 (6yr Euro)

Co-Manager
CastleOak Securities, L.P.
September 27, 2021
$262,000,000
Credit Suisse AG

CSMC 2021-NQM6 (Various Tranches)

Co-Manager
CastleOak Securities, L.P.
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