Fixed Income

Deep expertise and unwavering commitment to the fixed-income market.

Through our experienced, dedicated fixed-income sales force and proven underwriting capabilities, we provide high-quality distribution for our issuing clients and optimized execution for investors.

Taxable Trading and Sales

Corporate Bonds

By maintaining an active inventory of investment-grade, high-yield, asset-backed and mortgage bonds, our experienced traders and institutional salespeople provide market liquidity and facilitate institutional and retail trading of taxable debt securities. We distribute new issues of corporate debt, credit tenant lease obligations, and private placements to a wide variety of institutional investors.
Preferred Stock Sales and Trading

Preferred Stock

As market makers in more than 460 preferred securities, our team provides liquidity and market information for our clients. We maintain a healthy inventory of taxable and tax-advantaged preferred stocks, and we actively participate as underwriters and distributors for new issues.
Municipal Trading

Municipal Bonds

A trusted partner to investors and issuers in the municipal bond market, we maintain an active inventory of investment-grade municipal bonds, underwrite a wide variety of competitive and negotiated offerings, and remarket a sizeable portfolio of variable-rate issues. We work aggressively in the secondary market to meet the needs of institutional investors. As a leading national underwriter of municipal debt, we possess broad and effective distribution capabilities through our institutional sales forces in Chicago and New York, as well as our network of Private Client Advisors.