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

June 29, 2021
$8,000,000,000
Salesforce.com Inc.

0.625% 3NC1 7/15/2024
1.50% 7/15/2028
1.95% 7/15/2031
2.70% 7/15/2041
2.90% 7/15/2051
3.05% 7/15/2061

Co-Manager
CastleOak Securities, L.P.
June 22, 2021
$450,000,000
Ameren Illinois

0.375% 6/15/2023
2.900% 6/15/2051

Co-Manager
CastleOak Securities, L.P.
June 21, 2021
$2,500,000,000
J.P. Morgan

SOFR FRN 6/23/2025
0.969% 6/23/2025

Co-Manager
CastleOak Securities, L.P.
June 10, 2021
$9,775,000,000
Jamf Holding Corp.

Follow-On Offering

Co-Manager
CastleOak Securities, L.P.
June 8, 2021
$1,200,000,000
KeyBank

SOFR FRN 6/14/2024
0.433% 6/14/2024

Co-Manager
CastleOak Securities, L.P.
June 7, 2021
$4,500,000,000
Bank of America

0.523% 6/14/2024
2.087% 6/14/2029

Co-Manager
CastleOak Securities, L.P.
June 7, 2021
$600,000,000
Baltimore Gas & Electric

2.25% 6/15/2023

Co-Manager
CastleOak Securities, L.P.
June 2, 2021
$3,150,000,000
Citigroup Inc.

SOFR FRN 6/09/2027
1.462% Fxd-FRN 6/09/2027

Co-Manager
CastleOak Securities, L.P.
May 25, 2021
$750,000,000
UBS AG

3.875% PerpNC5

Co-Manager
CastleOak Securities, L.P.
May 24, 2021
$3,000,000,000
UBS AG

SOFR FRN 6/01/2023
0.375% 6/01/2023
1.250% 6/12/2026

Co-Manager
CastleOak Securities, L.P.
May 20, 2021
$278,000,000
Credit Suisse

CSMC 2021-NQM3 (RMBS) Various Tranches

Co-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.
June 29, 2021
$8,000,000,000
Salesforce.com Inc.

0.625% 3NC1 7/15/2024
1.50% 7/15/2028
1.95% 7/15/2031
2.70% 7/15/2041
2.90% 7/15/2051
3.05% 7/15/2061

Co-Manager
CastleOak Securities, L.P.
June 22, 2021
$450,000,000
Ameren Illinois

0.375% 6/15/2023
2.900% 6/15/2051

Co-Manager
CastleOak Securities, L.P.
June 21, 2021
$2,500,000,000
J.P. Morgan

SOFR FRN 6/23/2025
0.969% 6/23/2025

Co-Manager
CastleOak Securities, L.P.
June 10, 2021
$9,775,000,000
Jamf Holding Corp.

Follow-On Offering

Co-Manager
CastleOak Securities, L.P.
June 8, 2021
$1,200,000,000
KeyBank

SOFR FRN 6/14/2024
0.433% 6/14/2024

Co-Manager
CastleOak Securities, L.P.
June 7, 2021
$4,500,000,000
Bank of America

0.523% 6/14/2024
2.087% 6/14/2029

Co-Manager
CastleOak Securities, L.P.
June 7, 2021
$600,000,000
Baltimore Gas & Electric

2.25% 6/15/2023

Co-Manager
CastleOak Securities, L.P.
June 2, 2021
$3,150,000,000
Citigroup Inc.

SOFR FRN 6/09/2027
1.462% Fxd-FRN 6/09/2027

Co-Manager
CastleOak Securities, L.P.
May 25, 2021
$750,000,000
UBS AG

3.875% PerpNC5

Co-Manager
CastleOak Securities, L.P.
May 24, 2021
$3,000,000,000
UBS AG

SOFR FRN 6/01/2023
0.375% 6/01/2023
1.250% 6/12/2026

Co-Manager
CastleOak Securities, L.P.
May 20, 2021
$278,000,000
Credit Suisse

CSMC 2021-NQM3 (RMBS) Various Tranches

Co-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.
June 29, 2021
$8,000,000,000
Salesforce.com Inc.

0.625% 3NC1 7/15/2024
1.50% 7/15/2028
1.95% 7/15/2031
2.70% 7/15/2041
2.90% 7/15/2051
3.05% 7/15/2061

Co-Manager
CastleOak Securities, L.P.
June 22, 2021
$450,000,000
Ameren Illinois

0.375% 6/15/2023
2.900% 6/15/2051

Co-Manager
CastleOak Securities, L.P.
June 21, 2021
$2,500,000,000
J.P. Morgan

SOFR FRN 6/23/2025
0.969% 6/23/2025

Co-Manager
CastleOak Securities, L.P.
June 10, 2021
$9,775,000,000
Jamf Holding Corp.

Follow-On Offering

Co-Manager
CastleOak Securities, L.P.
June 8, 2021
$1,200,000,000
KeyBank

SOFR FRN 6/14/2024
0.433% 6/14/2024

Co-Manager
CastleOak Securities, L.P.
June 7, 2021
$4,500,000,000
Bank of America

0.523% 6/14/2024
2.087% 6/14/2029

Co-Manager
CastleOak Securities, L.P.
June 7, 2021
$600,000,000
Baltimore Gas & Electric

2.25% 6/15/2023

Co-Manager
CastleOak Securities, L.P.
June 2, 2021
$3,150,000,000
Citigroup Inc.

SOFR FRN 6/09/2027
1.462% Fxd-FRN 6/09/2027

Co-Manager
CastleOak Securities, L.P.
May 25, 2021
$750,000,000
UBS AG

3.875% PerpNC5

Co-Manager
CastleOak Securities, L.P.
May 24, 2021
$3,000,000,000
UBS AG

SOFR FRN 6/01/2023
0.375% 6/01/2023
1.250% 6/12/2026

Co-Manager
CastleOak Securities, L.P.
May 20, 2021
$278,000,000
Credit Suisse

CSMC 2021-NQM3 (RMBS) Various Tranches

Co-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.
Next Section - Equity Sales & Trading >